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PostPosted: Sat May 27, 2017 12:54 pm 
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Joined: Sun Mar 18, 2012 12:36 am
Posts: 460
Location: Watching the mayhem at Suicide Circle on the TOKS!
The District Courts in Limassol and Paphos; have decided that the trapped buyers law forced on Cyprus by the troika is unconstitutional. Sounds like the people who came up with this have a vested interest in the banks who have most to gain from this! :pint
http://www.news.cyprus-property-buyers. ... d=00152467


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PostPosted: Sat May 27, 2017 1:28 pm 
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Joined: Wed Sep 07, 2016 9:51 am
Posts: 367
Nowt much you can really say is there-pass a law to get bailout money then declare the law unconstitutional to prevent implementing it.

Bottom line of course is that the banks are bust and they have to get themselves some easy pickings to shore up their balance sheets - selling presumably mainly foreign buyers houses from under their feet to recoup developers debts is a lot more palatable to Cypriots than another bail in of their bank deposits.


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