Government Spokesperson Konstantinos Letympiotis confirmed ongoing discussions between the government, banks, and credit acquisition companies to extend the voluntary suspension of foreclosures. This extension, aiming for the end of 2023, aligns with a previous report by Brief, suggesting a two-month delay in foreclosure processes.

During a press briefing, Letympiotis highlighted the government's initiative in these negotiations. This move coincides with the expiration of the current foreclosure suspension. Furthermore, he added that a bill to expand the Financial Ombudsman's powers is set to be presented for approval in the next cabinet meeting.

Reminding stakeholders, the Financial Ombudsman emphasized that the legislative package on foreclosures, including reforms to the Ombudsman’s role, is nearing completion. The final touches are being applied before seeking approval from the coalition parties for submission to the House of Representatives.

Leaders from the Democratic Rally (DISY) and the Progressive Party of Working People (AKEL) have also voiced their positions on the matter. DISY President Annita Dimitriou urged banks and credit acquisition companies for a further two-month suspension of foreclosures. This delay would allow sufficient time for the parliamentary review and voting on the improved foreclosure framework.

On the other hand, AKEL General Secretary Stefanos Stefanou warned that if the government fails to extend the suspension, AKEL would propose urgent legislation to address the issue.