Cyprus finance minister rules out blanket freeze on foreclosures

Finance Minister Makis Keravnos on Tuesday ruled out discussions on a blanket freeze of foreclosures, following a meeting with a Disy delegation led by party president and house speaker Annita Demetriou.

The minister stressed that decisions on foreclosures must be reasonable and balanced, warning against measures that could create further economic problems.

“We are being monitored by rating agencies, we are being monitored by the European Union and the institutions from which...