Economists disagree on impact of foreclosure legislation as lawmakers debate presidents veto

first_imgBy Stelios OrphanidesLawmakers are meeting this afternoon to decide whether to accept a presidential veto to the December 18, law which suspended foreclosure legislation amid conflicting assessments of the latter’s impact.Two academic economists interviewed by the Cyprus Business Mail said they considered unlikely that the foreclosure legislation would spark massive foreclosures of collateralised homes. They contradicted earlier comments made by former central bank governor Athanasios Orphanides who said that the public cannot take assurances seriously that no mass foreclosures will follow once the legislation is in place.You May LikeLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoKelley Blue BookYou Won’t Believe How Affordable These Ford Car Models AreKelley Blue BookUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img

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