N. Pappas for the HFSF director: The government legislates the damage of the State

The government legislates the damage to the State, said SYRIZA MP Nikos Pappas, during the plenary discussion of the bill, for the reform of the role of the HFSF. “The national delegation is called upon to vote for a huge transfer of wealth. From the taxpayers, who have paid 40 billion euros to recapitalize the banks to those who will benefit from the sale of the shares of the banking institutions held by the HFSF at prices below “acquisition costs but also their market price”, said Mr. Pappas and added: “You prove that you do not need any external coercion to harm the public”. The SYRIZA MP also stated that the legislation of the Ministry of Finance does not respond to the inability of the banking system to meet its fundamental role, ie the financing of the Greek economy and warned that “handing over the management of the Recovery Fund to the banks will mean exclusion of the State from the formulation of the development strategy “, emphasizing the need for a strong presence of the public in the banking sector, in order for it to set the development priorities.

“Some skeptic might think that here we have a give and take between your party and the bank leaderships. Your party, under the leadership of Mr. Mitsotakis, has doubled its debt to the banks, from 200 million to 400 million. “You are looting your own party”, said Nikos Pappas and called on the ND MPs, if they disagree with what he said, to refer to the proposal of SYRIZA-Progressive Alliance which says that the indebted parties should pay 75 % of their state subsidy and their MPs 40% of their compensation to pay these huge debts.

SOURCE: ΑΠΕ-ΜΠΕ