Elections Coming, Greece Will Subsidize Bad Mortgage Loan Payments
(WorldNews Greece)

With Prime Minister and Radical Left SYRIZA leader Alexis Tsipras reneging on promises to help beleaguered homeowners during a more than 8 ½-year long economic crisis, the government now is planning to help some pay mortgages to prevent foreclosures. Greece plans to pump as much as 1 billion euros ($1.1 billion) into its banks over the next five years by subsidizing a part of households´ mortgage repayments, the financial news agency Bloomberg said, as Tsipras is trying to counter the fallout with elections coming. Under the plan, some households unable to repay their home loans will restructure their debts with the banks, with the state then paying part of the...