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Out-of-court settlement mechanism: Who can save their home with the new Pierrakakis regulation – See examples
Primary residence is protected in the out-of-court mechanism, while the rest of the assets go “under the hammer” – How the installment is calculated – What changes for those with additional properties and for those who own only one home
Ankara proposes extending the pipeline linking Turkey and Iraq as an alternative to the Strait of Hormuz
This proposal was presented in an interview by Turkey’s Energy Minister as an alternative solution in case the Strait of Hormuz is closed
New Pierrakakis regulation for larger “haircuts” and lower installments in out-of-court debt settlements: How the primary residence can be saved
Debtors will be able to separate their primary residence from the rest of their assets, choosing to liquidate other property in order to settle their debts faster and under more sustainable terms
Energy anxiety in Europe, 50% chance of recession in the US: The economic victims of the war in Iran
Oil in Europe flirts with $110 per barrel, natural gas up 94% since the start of the year – The most expensive gasoline in the US since summer 2022, when the war in Ukraine was raging – What Politico writes about Asian countries pushing demand and driving prices higher
Oil in Europe is heading toward $110 after the strike on an Iranian natural gas facility – up 80% since the beginning of the year
The escalation of attacks on Iran’s critical energy infrastructure, such as the South Pars gas field, is triggering a new surge in prices
