The House of Deputies rejected the President's referral[/B] of the law concerning the extension of the suspension of divestments until the end of January 2023.
15 deputies were in favour
of accepting the impeachment, while 37 rejected
The suspension, which was voted on 10 November, concerns non-performing loans secured by a main residence worth up to €350,000, the debtor's business premises for companies with an annual turnover of up to €750,000 and agricultural land on which a farming activity is carried out, the estimated value of which does not exceed €100.000.
In rejecting the referral, the Plenary rejected the President's position that the regulation, as enacted, is in fact a universal suspension of disposals, without targeting since, as stated in the text of the referral, disposals involving commercial housing are suspended, irrespective of the value and amount of the loan. Now, the question is whether President Anastasiades will petition the Supreme Court or not.
In the debate, ELAM MP Linos Papagiannis referred to specific borrowers to repay their loans due to claims from loan managers and questioned whether they are strategic defaulters.
DPA MP Alekos Tryfonidis said that the party had proposed solutions, but unfortunately these were not feasible, such as the adoption of the mediation proposal of the Financial Commissioner Paul Ioannou for targeting the suspension of divestments.
"But this is not a solution, constantly making suspensions and not actually going to see where the problem is. This is the last time and we have a responsibility after the presidential election to do this protection because we don't want to get to this point again."
Source: CNA
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