Parliament eases the burden on loan guarantors in foreclosure overhaul

Cyprus’s parliament passed a broad package of legislation overhauling the country’s non-performing loan and foreclosure framework on Monday, in a session marked by sharp exchanges between parties, personal clashes, and a protest outside the building by citizens opposed to foreclosures. The plenary approved two Finance Ministry bills and a series of party-sponsored proposals covering borrower […]

By Charalambos Zakos