Cyprus Mail
Cyprus

Dozens protest foreclosures outside empty House

DOZENS of people opposed to forced sales of mortgaged properties demonstrated outside parliament on Thursday.

The demo was organised by a group calling itself the Movement Against Foreclosures. Police cordoned off the street in front of the parliament; no scuffles were reported.

Shouting slogans such as “No home in the hands of the bankers,” the demonstrators handed a memo to MPs demanding that they suspend implementation of the foreclosures law for a year or until such time as parliament has enacted legislation safeguarding the primary homes of people who have fallen on hard times due to the financial crisis.

The memo called on lawmakers to “stand tall amid the tragic times facing our country” and to block any law that would “throw to the wolves the homes of our compatriots.”

The House was yesterday set to debate two bills intended to suspend the entry into force of foreclosures. The debate was postponed because MPs had not yet heard back from the Finance minister as to when the so-called insolvency framework would be ready.

Two parties, AKEL and EDEK, have drafted legislative proposals, the first to suspend implementation of the foreclosures law until July next year, the second to suspend it until the beginning of the year.

Earlier this week, DIKO leader and chairman of the House Finance committee Nicholas Papadopoulos said that, before deciding when to bring the bills to the plenum for a vote, they’d wait to hear from the Finance minister on the progress concerning the so-called insolvency framework.

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