The government will bring the agreed measures for a parliamentary vote within the day, Wednesday at the latest. This is expected to make the EWG give the “green light” for a combined installment of 2+10 bn euros towards the country. The funds are expected by Monday.
The government will attempt to combine all the agreed measures in one bill so that they will all get the parliamentary vote by Wednesday at the latest.
Among the most discussed points of the new dea regards the policy towards home owners who have failed to keep up with the payment of their house loans.
According to sources, homes with a value of 170.000 o less will not be liable to foreclosure if their owners have a yearly income of less than 8.180 for a single person, 13.917 for a couple and 20.639 for a family of four. The government claims that it has moved back from its initial goals but the creditors had even higher demands than the ones they have agreed to.
One of the points in which both sides agree is that the protection and the help will only be provided to those debtors who appear willing to cooperate with the banks and enter some kind of agreement where they will try to honour at least a minimum of their obligations. On the other side, those debtors who appear to have “strategically” chosen to stop paying their debts, using the financial crisis as an excuse will face special measures against them.
It is estimated that there are 1.2 ml mortgages of which 400.123 have stopped being paid in. The average house mortgage is between 90.000-100.000 euro.