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Minister of Finance Harris Georgiades and President of the Fiscal Council called on the Parliament to reconsider its position and accept the presidential return of a law amending the legal framework on foreclosures, stating that the proposed amendment will negatively impact the economy. “A legal framework should be effective it should not be frequently amended precisely to create a credible framework which would allow us to manage the last legacy problem (of the financial crisis), that of the non-performing loans,” Harris …
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