Borrowers group demands real protection for vulnerable debtors in Cyprus

The Cyprus Borrowers Association (Syprodat) on Tuesday called for careful and balanced handling of the foreclosure issue, urging meaningful dialogue between the government, parliament, banks and social stakeholders as debate intensifies over possible legislative changes.

In a statement, the association argued that the ongoing foreclosure crisis has once again exposed one of the deepest social and economic vulnerabilities in Cyprus.

“Recent developments surrounding the issue...