The “Estia” scheme in Cyprus: A social policy mirage?
Date Issued
March 2019
Author(s)
Abstract
Emerging from the 2013 crisis, Cyprus is now faced with one of the highest rates of Non-Performing Loans
in Europe. In an attempt to protect the first residence of distressed borrowers and contribute to financial stability, the government has proposed the Estia scheme, as a solution based on social policy criteria. But is it quite so?
in Europe. In an attempt to protect the first residence of distressed borrowers and contribute to financial stability, the government has proposed the Estia scheme, as a solution based on social policy criteria. But is it quite so?