The assurances of Giorgos Floridis concerning the lifting of the financial institution bailiff went to waste, since with an modification – after the handy extension that had been given – the federal government establishes a brand new safety “filter” for bankers in order that they’ll by no means be held accountable for “soiled” restructurings or write-offs of loans .
The federal government has given the position of prosecutor to the Financial institution of Greece – via the modification for the extension of the declarations of the events involved – in an effort to shield the managed financial institution executives, whom the Greek society paid in gold with 50 billion euros via the recapitalization of the banks.
Particularly, in article 2 of the modification it’s supplied that two inspectors of the Financial institution of Greece will draw up a report on the request of the competent prosecution authority that conducts an investigation into scandalous circumstances of mortgage restructuring or cancellation, deciding whether or not or not there’s a “violation of the regulatory framework governing the transactions of every establishment and the existence of sure and definitive harm that’s causally linked to the potential violation and has been triggered to the property of the credit score or monetary establishment or the HFSF”.
Article 2 of the modification:
Floridis is the minister for… rubble
It’s recalled that throughout the studying of this system statements, Mr. Floridis had fallen into an unforgettable political blunder. Considering that he was blaming the SYRIZA authorities, he had pledged to abolish the banking ban, which had been established by the Mitsotakis authorities.
“Infidelity can’t be prosecuted by summons” he had asserted with certainty, whereas addressing S. Famellos he had falsely claimed: “You probably did it…”. To be sincere, the precise change was made in November 2019 beneath the pretext of the necessity for bankers to proceed with “aggressive mortgage restructurings”. In truth, he had made it clear that “I’ll carry these again”, with the Maximos Palace “emptying” him throughout a dete interval.
The corresponding “initiative” Kontoni
In 2018, Documento had revealed that throughout the days of Stavros Kontonis on the Ministry of Justice, financial institution pressures had been exerted in an effort to materialize the corresponding pursuits of elected financial institution executives.
Particularly, the report signed by Kostas Vaxevanis particularly famous:
“Below the pretext that those that regulate the “pink” loans ought to have some type of immunity in order that they aren’t beneath the fixed risk of prosecution, the bankers are turning Yannis Stournaras and his technocrats right into a form of banking Erdogan. No prosecution in opposition to bankers will likely be potential with out the consent of the Financial institution of Greece, whereas (even worse) residents’ lawsuits and studies will likely be “filed” not by the prosecutors however by the Financial institution of Greece.
“The provocative factor within the case isn’t solely that on this method the unpursued for the bankers is created, but additionally that on this method the obligations of the judicial energy, that’s, a definite energy that stems from the structure, are assigned to Stournaras and his individuals.
“The governor of the Financial institution of Greece, a non-public firm in essence, who isn’t institutionally managed by the individuals nor appointed by them, exceeds the structure and acquires powers that negate it.
“The textual content of the proposed regulation has been despatched to the places of work of financial institution executives and receptive political ears are being sought to undertake it as an initiative to resolve the slowed down banking points.”
Learn intimately: Stournaras additionally abolishes the prosecutors
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