Parliament begins inquiry into bank loans to political parties, media
A Parliamentary inquiry into the ‘suspect’ loans given by Greek banks to political parties and media enterprises began before a special examining committee on Thursday, with a decision to summon the CEOs of the country’s four systemic banks to testify as the first witnesses.
The committee will next examine Bank of Greece staff and the former governors of the Agricultural Bank of Greece (ATEBank). The members also unanimously backed a proposal by committee chairman Sokratis Famelos for seeking the plenum’s approval to extend the duration of the Committee’s work by three months, so that it presents its final report in September instead of the original date of June 18.
The members agreed that it would be impossible to examine and evaluate the large quantities of material on the case requested and sent to the committee by the banks and financial prosecutors. The committee will start by investigating the loans given to parties and continue with the loans to media enterprises.
You may be interested
TTF to sell northern Greece photo-voltaic parks to Chinese multinational SPI Energy Ltd.Panos - Sep 22, 2017
The Thermi Taneo venture capital fund (TTF) this week announced an agreement to set photo-voltaic parks in Greece with a…
Today is the Autumn Equinox: 6 things to know on first day of fallPanos - Sep 22, 2017
The autumn equinox, otherwise know as the first day of fall, arrives on Friday, Sept. 22 in the Earth’s northern…
Investors Are Switching From Portuguese to Riskier Greek Debt for Better ReturnsPanos - Sep 22, 2017
Portugal’s credit-rating boost and the ensuing bond rally have prompted fund managers from BlueBay Asset Management and Old Mutual Global…