Stournaras on loans towards media groups and political parties
The Governor of the Bank of Greece and former Minister of Finance Yannis Stournaras is testifying before the parliamentary committee tasked with investigating a series of loans that were granted to media groups and political parties.
“The financial sector was not the main cause of the crisis” argued the Bank of Greece governor before the committee, before slamming his predecessor Giorgos Provopoulos. “Mr. Provopoulos may have various psychological problems. He may judge the period when he was governor” Mr. Stournaras stated, while defending his actions in relation to Attica Bank.
Regarding the loans that were given to political parties from 2000 and onwards, the Governor stated that everything was above board and in compliance with the legal process. Mr. Stournaras added that all decisions must be judged based on the circumstances of the time.
Asked about the loans given to media groups, Mr. Stournaras clarified the outstanding debts amounted to 944 million euros and that most of the loans were granted before 2010.
You may be interested
New York Times: Greece not out of the woods with new 5-year-bondmakis - Jul 25, 2017
Greece, long Europe’s economic problem child, is trying to prove that it has made progress in its recovery efforts by…
Greek PM wears national basketball team jerseymakis - Jul 25, 2017
The Greek national U20 men’s basketball team who were crowned European Champions on Sunday were received by PM Alexis Tsipras…
Turkish-Cypriot side could allow 20,000 refugees to returnmakis - Jul 25, 2017
Up to 20,000 refugees from the fenced city of Varosha, and three Maronite villages in Famagusta, may be allowed to…