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Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) warned that a change in the foreclosure framework leading into further delays would place the island’s financial system into new adventures. Herodotou’s remarks came during a discussion in the parliamentary committee on legal affairs on a revised bill amending the Courts law providing for the creation of a new jurisdiction on the district courts level that would examine disputes between borrowers and credit institutions with regard to a loan balances and …
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