Cyprus to expand mortgage relief scheme
Cyprus is looking into ways of expanding a relief scheme subsidising borrowers with toxic mortgages to cover borrowers who failed to make the first cut, as they were found unviable.
Acting government spokesperson Panayiotis Sentonas said on Wednesday that Finance Minister Constantinos Petrides has been tasked by the cabinet to draft a plan for borrowers who were rejected by a state-backed mortgage relief scheme after their loans became toxic. […]
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