Greece: KKE MEP calls for ban on primary residence auctions

Lefteris Nikolaou-Alavanos, a Member of the European Parliament for the Communist Party of Greece (KKE), has addressed the escalating issue of home auctions in Greece. He attributed the recent withdrawal of a controversial legislative provision to intense public protests and parliamentary interventions.

The withdrawn regulation would have allowed debt servicers to demand up to 15% of debts through out-of-court settlements, a move Nikolaou-Alavanos claimed would have facilitated the transfer of private homes to financial institutions. He cited recent cases in Petroupoli and Thessaloniki as evidence of the growing crisis.

The MEP called for comprehensive legislation to prohibit the auctioning of primary residences and professional housing for the self-employed. He further linked the current economic situation and the banking system's stability to broader military spending and EU financial regulations.