Greece to submit foreclosure bill on Friday with or without lenders' approval

Greece is planning to submit a bill to parliament on Friday to protect borrowers from home foreclosures, a government official said on Wednesday, though it is yet to secure the agreement of its lenders on its terms.

A wrangle over rules governing loans that have pledged a primary home as collateral helped delay the release of about 1 billion euros from Greece's lenders, including the European Union and the European Central Bank, earlier this month.

The lenders, who are still monitoring Greece's progress after it emerged from an international bailout seven months ago, want stricter terms than those proposed by Athens.

"Talks between the government and the supervisory institutions over the clarification of technical details will continue until Friday," the official said, without clarifying if the government would submit the bill without securing lenders' consent....

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