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"On
Monday all issues will be finalised ... and at the Euro Working
Group there will be a decision to release the installment and
the funds for the banks," Government Spokeswoman Olga Gerovasili
told state broadcaster ERT, referring to deputy finance
ministers of the euro zone.
A two billion euro cash disbursement and 10 billion euros to
recapitalize four systemic banks was delayed this week amid
disagreement over the level of protection homeowners should have
from foreclosures for non-payment of debts.
Athens insists resolving the issue should not result in
thousands of Greeks at risk of losing their homes.
At present, mortgage holders can apply for foreclosure
protection if the value of their home is 300,000 euros; the
Greek government is now discussing protection based on a home
valuation of between 180,000 and 200,000 euros, buffered by a
series of income-based criteria.
Representatives of the country's lenders, assessing compliance
with the terms of the 86 billion euro bailout, were scheduled to
discuss the matter with Greek officials later Wednesday, a
finance ministry official said.
(Reporting By Lefteris Papadimas, writing by Michele Kambas
Editing by Jeremy Gaunt)
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