Unilateral ban on repossessions

The state will cease repossessions of properties with a taxable, or "objective," value up to 300,000 euros on the condition that they are the debtors' main residences, Alternate Finance Minister Tryfon Alexiadis claimed on Thursday, although the country's creditors are certain to oppose the plan, while the ministry has issued guidelines to tax authorities regarding how to safeguard the state's interests by collecting expired debts.

Alexiadis told SYRIZA-owned radio station Sto Kokkino that a regulation currently being prepared will protect the residences of state debtors unless the objective value of the property is above 300,000 euros. However, up until yesterday the creditors had received no information from the government as to its intentions regarding repossessions for debts to the state.

If the clause Alexiadis referred to is tabled in Parliament before the...