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Banks and market rules

Greece needs entirely privately owned banks if the country wishes to see its real economy return to growth.

No one questions the state’s right to have its say when it comes to crucial issues in cases where it is the lender’s majority stakeholder.

At the same time however there are certain irrationalities which must end. Lenders capable of securing capital and cutting themselves completely loose from the state must be allowed to do so.

What is also absurd is when certain banks are unable to pay their executives the kind of salaries demanded by the market while other lenders do this through the use of unorthodox means and manipulations.

What this country needs is banks that will operate according to market rules, with the same rules applying to everyone and with serious, capable employees who understand how the market actually functions.

ekathimerini.com , Tuesday Jul 1, 2014 (10:01)  
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