5 Minute News

Debates on Bank Taxation and Foreclosure Issues Intensify

February 2, 2026

The political scene in Parliament is gearing up for intense debates over taxing banks and foreclosure issues. Finance Minister Makis Keravnos opposes proposals for increased taxes and changes to foreclosure laws. AKEL is calling for support from other parties for a proposed law that would protect borrowers from foreclosures. There are concerns about some members of DIKO potentially supporting the proposals despite the party's opposition. As elections approach, the divisions between political factions are becoming more evident.