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Simerini - Cyprus | Wednesday, July 9, 2014

Cypriot government fleecing the poor

Under pressure from the troika, the Cypriot government is planning tougher action against people who fall behind on their mortgage payments. A new draft law would make it easier for creditors to seize real estate in future. The conservative daily Simerini criticises this measure: "The government is plundering the assets of the poor, in cooperation with the troika. Paving the way for the quick and easy confiscation of the houses of citizens is symptomatic of the government's cruelty and inhumanity. According to the draft law, a home can be put up for auction without further ado if a debtor falls behind on his mortgage payments by more than a month. Entire households can be sold off and citizens left on the street. ... There is no compassion and not a shred of humaneness or solidarity with the people."

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