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Athens News Agency: News in English, 08-10-31
CONTENTS
[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.
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