EU official says Greece, creditors disagree on foreclosures

AP News
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Posted: Oct 26, 2015 8:34 AM

ATHENS, Greece (AP) — A leading European Union official says Greece's bailout talks with its international creditors are broadly on track, but the country still has much work to do, in little time.

Valdis Dombrovskis, a European Commission vice-president for the euro, says the two sides disagree on required changes to Greek law on foreclosures.

But Dombrovskis said in Athens Monday that there is a "clear willingness" to find a compromise on the income and wealth criteria based on which borrowers' primary residences would be protected from foreclosure.

Greece has committed to broad reforms and savings measures to secure its third, multi-billion euro bailout from its European partners.

Bailout creditors are currently reviewing Greece's compliance with the agreed measures, on which disbursement of a 2 billion euro loan depends.