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Europe Daily Bulletin No. 11141

28 August 2014
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Vote for foreclosure could go either way

Brussels, 27/08/2014 (Agence Europe) - The Centre-Right DIKO party in Cyprus says it will not back the mortgage foreclosure (repossession) rules on Monday 1 September on the grounds that the legislation needs to be changed.

“We submitted specific suggestions to the President and the Minister of Finance, but unfortunately none were considered. It is a bad bill that will create more problems”, said party spokesperson Christiana Erotokritou on Tuesday evening, according to a report in the...