Greek society is threatened by hundreds of thousands of home auctions, says Tsipras

“By abolishing all laws for the protection of one’s primary residence (…), the government has created the toughest conditions for thousands of households and professionals,” noted Tsipras, underlining that “the Supreme Court’s recent decision apparently removes even the slightest of protection for borrowers to stop home auctions carried out by loan servicers.”

With interest rates skyrocketing, he added, borrowers who are up-to-date with their payments are also faced with imminent home auctions,” he added.

“We are facing an organized plan for the largest redistribution of wealth that has ever happened, namely [taking] from the working and middle classes and [giving] to foreign funds and banks, and his development cannot be tolerated,” he emphasized.

Tsipras also urged the Greek prime minister to “immediately suspend all auctions of primary residences, commercial housing and agricultural land until the upcoming national elections.”

The main opposition party leader also underlined that “the first legislative act of the next progressive government will be for the protection of one’s first home, and debt settlements for all citizens.”