
Greek Government Pressures Banks on Unused Properties
The Greek government is increasing pressure on banks and servicers to release unused properties into the market by imposing double ENFIA (property tax), aiming to increase housing availability.
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The Greek government is increasing pressure on banks and servicers to release unused properties into the market by imposing double ENFIA (property tax), aiming to increase housing availability.

The Greek Ministry of Finance has established a special committee to investigate numerous complaints from households and businesses regarding the practices of loan servicers, despite existing regulations and codes of conduct.

"You will create a precedent where, when funds act illegally, the Greek taxpayer will come to cover what they illegally charged."
Lawmakers are expressing concern over the Trump administration's plan to 'deprioritize' oversight of student loan servicers, prompting Senator Elizabeth Warren to request information on their performance.

Banks and servicers in Greece will face a 100% surcharge on their ENFIA (property tax) for properties they kept closed last year, payable in 12 monthly installments.

The Greek Ministry of National Economy and Finance is forming a Working Group to oversee complaints from borrowers against loan management companies.

A scandal in Greece alleges that servicers made over 542 million euros in 2024, with banks conducting backdoor deals and the government providing political cover, leading to significant tax and liquidity losses for the public.

Greece has formed a special five-member task force to investigate and address a significant increase in complaints from borrowers against loan servicers managing billions of euros in household and business debt.

The Greek opposition demands that the business plans of servicers and funds be submitted to parliament, arguing that the government admits potential losses could be transferred to taxpayers.
Student loan servicers are reportedly reducing loan balances for some borrowers, with an explanation provided for this trend.