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Athens News Agency: News in English, 08-10-31

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] LAOS' Karatzaferis on bank support plan

  • [01] LAOS' Karatzaferis on bank support plan

    Popular Orthodox Rally (LA.OS) leader George Karatzaferis on Friday criticised a government plan aimed to boost banking system liquidity, acknowledging however its "good intentions". Speaking in Parliament during an off-the-agenda debate on the economy, Karatzaferis said the measures taken were "contradictory", while adding that it is irrational for "a debt-ridden country like Greece to earmark 28 billion euros to rescue banks, considering that their combined profits last year reached seven billion euros, while they have already announced that the profit-making trend will continue this year as well." Karatzaferis maintained that only banks with problems should be supported and suggested the implementation of stricter controls on their management.
    Athens News Agency: News in English Directory - Previous Article - Next Article
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