“Greece’s four largest banks, encouraged as the economy claws itself out of recession, plan to double mortgage lending this year and may do it again in 2015, according to Kalantonis. Home loan originations in Greece plunged from 15 billion euros at the peak in 2007 to less than 250 million euros ($340 million) last year, he said. [Banks] are counting on the growth rate of non-performing loans to stabilize once a law preventing banks from foreclosing on property is dismantled. The government, under pressure to strengthen banks after receiving a total of 240 billion euros in aid, is forcing homeowners, who can pay their mortgage but don’t, to do so.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Rally at Oklahoma Capitol opposes U.S. intervention in Syria
Upcoming European Financial Trading Tax: "All Markets, All Actors, All Products"
Trump slaps tariffs on foreign solar panels and washing machines
Some startups find the American dream in China
IRS agent: Tax agency is still targeting Tea Party groups
Draghi Says ECB Ready For Negative Interest Rates If Needed
Ron Paul CNN Interview on Election Day 2012
Phoenix VA Director Given $8,500 Bonus, Rescinded After Complaints
U.S. sends anti-missile destroyer near North Korean coast
Judge: ‘Everything they say is a lie’
Most Americans back NSA, prioritize surveillance over privacy
British Somalis dread ban of ‘herbal high’ khat
China National Nuclear to Raise $2.6 Billion in IPO
Funds Build Bullish Positions In Precious Metals Futures, Options
Stone Lion Capital Partners Suspends Redemptions in Credit Hedge Funds