453 mln from Troika
developers, loans granted without adequate mortgage values, and banks’ exposure to bad debt.
This data, said EDEK, would make it possible to distinguish between viable and non-viable borrowers, in contrast to the government’s proposed legislation which “indiscriminately” lumps all debtors in the same basket.
Meanwhile, about 15 organisations and civil society groups, headed by the pro-communist trade union PEO, held a joint meeting and elected a steering committee, with a joint declaration and a programme of demonstrations to be announced on August 12, leading up to a mass rally later in the month, depending on when the bill will be presented to parliament.
At the same time, Bank of Cyprus CEO John Hourican has stated in separate media interviews that he does not want to