With a narcissistic mood, he presented himself Kostis Hatzidakis during the briefing of the Economic Affairs Committee of the Parliament on the disinvestment of the Financial Stability Fund in the systemic banks, which – according to a study by the Center for Planning and Economic Research (KEPE) – damaged the State by 40 billion euros.
The Minister of National Economy and Finance – who acquired the code name 5046c as a target of the EYP – praised his actions and at the same time expressed his regret and discomfort with the KEPE study that exposes the government and him personally.
“This analysis sees the tree and misses the forest” he said, while earlier he had emphasized that the specific study “was used by the opposition”, something that caused him regret! At the same time, he praised the infamous PSI, as well “the government paid much less to buy bonds.”
Specifically, he claimed that “the government should have returned around 60 billion euros from the bond purchase, but because of the PSI it returned half of it”, estimating the benefit at €28.2 billion, something “ignored by the scholars” of the disputed report.
“Our strategy for the quick and decisive disinvestment policy of the banks was right” the minister said with… modesty and explained in four points that the government took advantage of the favorable economic environment, that the economy is returning to normality, that the disinvestment process “has a positive effect on the economy, sends positive signals for growth, the capital market and economic prospects” and finally, that ignoring the aforementioned would constitute government frivolity.
“In short, we took advantage of the opportunities presented in the wider environment to push the economy upwards, otherwise it would show amateurism and frivolity” found out and addressing the banks’ managements clarified (for the eyes of the world) how “profitability does not mean promiscuity and support does not mean arbitrariness.”
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