Shock Legal Reform in Greece Paves Way for Rapid Evictions and Property Seizures
Greece is poised to radically reform its foreclosure and property auction laws with a new bill that accelerates evictions and weakens homeowner protections, raising serious concerns about widespread displacement and social fallout among vulnerable populations. Greece is set to overhaul its foreclosure and forced property auction system with a new draft bill that critics say could leave thousands of vulnerable homeowners exposed to immediate eviction and financial ruin. The proposed legislation, submitted to Parliament by the Ministry of Justice under the title "Interventions in the Code of Civil Procedure," introduces sweeping changes to the country's legal framework for property enforcement. At the heart of the bill is a significant shift in favor of creditors, lenders, and auction investors, aimed at accelerating and streamlining the process of seizing and selling properties from indebted owners. The bill removes key legal...
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