Greek protesters continue to block foreclosed properties auctions

2018-01-11 01:19:53 GMT2018-01-11 09:19:53(Beijing Time) Xinhua English
Protesters shout slogans during a demonstration against auctions of foreclosed properties outside a court in Athens, Greece, on Jan. 10, 2018. Hundreds of protesters "besieged" courts and notaries' offices here on Wednesday in order to block auctions of foreclosed properties. Under a draft bill on the prior actions required to complete Greece's third program review, which will be voted in parliament next week, auctions of foreclosed properties will be carried out only electronically as of Feb. 21. (Xinhua/Marios Lolos) Protesters shout slogans during a demonstration against auctions of foreclosed properties outside a court in Athens, Greece, on Jan. 10, 2018. Hundreds of protesters "besieged" courts and notaries' offices here on Wednesday in order to block auctions of foreclosed properties. Under a draft bill on the prior actions required to complete Greece's third program review, which will be voted in parliament next week, auctions of foreclosed properties will be carried out only electronically as of Feb. 21. (Xinhua/Marios Lolos)

ATHENS, Jan. 10 (Xinhua) -- Hundreds of protesters "besieged"courts and notaries' offices here on Wednesday in order to blockauctions of foreclosed properties.

Under a draft bill on the prior actions required to completeGreece's third program review, which will be voted in parliamentnext week, auctions of foreclosed properties will be carried outonly electronically as of Feb. 21.

The government turned to e-auctions to get around protests whichhave obstructed procedures since 2016 in order to facilitate banksto reduce nonperforming loans and meet bailout targets.

Under the third Greek bailout, which expires this summer, Greekbanks must settle one out of three bad loans by 2020, meaningnon-performing loans should be reduced by some 30 billion euros (36billion U.S. dollars).

Although the Association of Notaries of Athens, Piraeus andAegean Islands postponed with an announcement on Tuesday the nextauctions in courts to January 31, Leftist parties and labor unionsmembers gathered outside courthouses again to protest.

Demonstrators warned that they will continue blocking in any waypossible home repossessions for debts as low as 500 euros.

Panagiotis Lafazanis, a former minister of the ruling SYRIZAparty, who broke away and formed a new party in the summer of 2015after the signing of the third bailout, warned he intended to turnto hackers to block the online auctions.

The office his Leftist Popular Union (LAE) party rents incentral Athens was electronically auctioned on Wednesday, he toldmedia during a protest outside an Athens court.

According to the Association of Notaries of Athens, Piraeus andAegean Islands, there were over 3,000 auctions of foreclosedproperties scheduled so far in Athens alone in 2018. Enditem

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