Friday August 29, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Vatopedi land swap scandal ‘cost Cyprus 4 bln euros’

The Vatopedi Monastery on Mount Athos, which was embroiled in a huge land swap scandal that emerged in 2008, has been linked to losses of some 4 billion euros for the Cypriot banking system from non-performing loans issued by Marfin Popular Bank, according to figures provided to a parliamentary committee in Nicosia by former Greek MP Dimitris Tsironis, who served as head of the parliamentary committee that investigated the case.

“We estimate that at least 4 billion euros was lost through this affair,” the head of the Cypriot committee, Dimitris Syllouris, said after the end of Tuesday’s session, adding that the committee will expand its investigation.

“We have to proceed to a very deep and enlarged investigation because this really is a huge scandal that was created at the expense of the credit system of Cyprus, including the use of monasteries and companies registered in Cyprus, with suspicious consequences,” said Syllouris.

Tsironis stated that the Cypriot Parliament was given all data collected by the Greek investigation and that “the Cypriot [banking] problem would have been much more limited had it not been for [the Vatopedi case], as this scandal has doubled its problems.”

ekathimerini.com , Tuesday June 18, 2013 (20:12)  
Greek quest for debt relief faces hurdles in Paris
Foreclosures threat pushed back
Athens rental rates tumble
Transforming OPAP buys top-up firm
Rendi shootout leaves would-be hypermarket robber dead
An exchange of fire between two gunmen who held up a meat hypermarket in the area of Rendi, southern Athens, and officers of the police's motorcycling unit DIAS late on Thursday resulted in ...
Quake measuring 5.7-Richter hits southern Greece
A strong earthquake shook southern Greece on Friday and was felt as far as Athens but there were no immediate reports of casualties or serious damage. The quake measured 5.7 in magnitude, ac...
Inside News
SOCCER
Panathinaikos, PAOK and Asteras Tripolis through to Europa League group stage
There was a triple success for Greek soccer on Thursday as PAOK, Panathinaikos and Asteras Tripolis made it through to the Europa League group stage. PAOK had a challenging task after a 1-0 ...
SOCCER
Olympiakos drawn against Spanish, Italian and Swedish champions in CL
Olympiakos will face the champions of Spain, Italy and Sweden in the group stages of Europe's top soccer tournament, the Champions League. Thursday's draw in Monaco was not particularly kind...
Inside Sports
COMMENTARY
Stifled dreams
At more or less the same time every year, we see the same images of high school graduates looking through the Education Ministry’s lists of those who passed and those who failed the national...
EDITORIAL
Staying on the same page
No government can function effectively when its ministers are not on the same page and working toward the same ends, no matter what some – such as the current education minister – may think....
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Rendi shootout leaves would-be hypermarket robber dead
2. Quake measuring 5.7-Richter hits southern Greece
3. Greek quest for debt relief faces hurdles in Paris
4. Panathinaikos, PAOK and Asteras Tripolis through to Europa League group stage
5. Foreclosures threat pushed back
6. Exam results spell trouble for some universities
more news
Today
This Week
1. Greek quest for debt relief faces hurdles in Paris
2. Quake measuring 5.7-Richter hits southern Greece
3. Rendi shootout leaves would-be hypermarket robber dead
4. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
5. Hardouvelis, ECB executive discuss bank program, stress tests
6. Greece to relaunch tender for mutual horesebetting license
Today
This Week
1. Brussels warns Greece over plans to allow construction near Korinos beach
2. Merkel cites euro’s ‘construction flaws’ as economy sputters
3. Attack on gay couple in Athens leaves one man needing surgery
4. Purification rituals
5. Second man held over double murder in Mani
6. The battle against progress
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.