The government's foreclosures bill was yet to be finalised as the Finance ministry is still in talks with the Troika of international lenders (
Negotiations are ongoing at a technocratic level, with the focus being on striking the appropriate balance between the rights of borrowers and lenders.
A meeting between the Finance minister and the Troika's
"The issue has reached its high point," Hasikos said, entering the meeting.
As the bill has acquired 'prior action' status – meaning it needs to have been passed before the next tranche of international aid to
The bill would then be forwarded to parliamentary parties for review, ahead of voting at an extraordinary House plenary session before September's
The government also insists on borrowers being allowed an active role in determining the value of their property collateral – also not acceptable to the Troika.
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