Wednesday October 1, 2014 Search
Weather | Athens
28o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Grow up already

Notes are seen pinned on the trunk of a tree under which an elderly man fatally shot himself on Athens' main Syntagma square on Wednesday.

By Costas Iordanidis

If Greeceís politicians had any sense of occasion, they would have kept their mouths shut. The retired pharmacist, Dimitris Christoulas, took his own life Wednesday morning in Syntagma Square because of the gross mismanagement of the finances of the countryís social security finds by a succession of governments.

Ever since 1952, when a law was passed allowing the governor of the Bank of Greece to transform the savings of social security funds into bonds and stocks, every government has systematically plundered peopleís money.

Every so often, we hear a minister or fund director lamenting the magnitude of the evasion of social security contributions, even though it is they themselves who have allowed it, ostensibly to boost entrepreneurship but mainly, if not exclusively, to serve their clientelist ties. A belated drive to purge the social security system of mismanagement and corruption has revealed sordid stories of employees who issued pensions and benefits to people who did not merit them. Even though belated, this new awareness is justified.

For its part, the left had never really bothered to discuss the financial management of the countryís social security funds before the writedown of Greek debt hit their savings and bonds. It was more concerned with the fight against plutocracy and global imperialism.

The plundering of social security fundsí coffers was conducted using the excuse that the state will always cover the cost of pensions and healthcare. But the state has collapsed and the governmentís pledges are not taken seriously by anyone because they are worth nothing. Greek politicians led the country to bankruptcy and squandered the savings of its workers.

Lamentations over the death of Christoulas by morose-looking politicians convinced no one. They were repulsive. And letís hope they donít try to lay the blame for this manís death on the troika or the memorandum. The people responsible for the criminal management of Greeceís social security funds have names.

Control of the funds needs to be passed into the hands of their members. They should be the ones who elect their administrations, who control the revenue mechanism and who decide on whether and where to invest their savings.

What we need to see is radical change, not a show of sensitivity. The children need to grow up at last.

ekathimerini.com , Thursday April 5, 2012 (17:57)  
Truth before the battle
Bending the rules
Next-day jitters
No sweet debt deals
Incoming EC President Jean-Claude Juncker to visit Athens
Incoming European Commission President Jean-Claude Juncker is expected to visit Athens on Friday, the Commission's press office confirmed on Wednesday. The former prime minister of Luxembour...
Seven arrested in Greece in migrant smuggling ring
Greek police say they have arrested seven people, including an airline pilot and a ground crew staff member, on suspicion of participating in a ring smuggling migrants onto flights from Thes...
Inside News
Greek bonds rise on speculation ECB to allow bank-loan purchases
Greeceís bonds rose for the first time in four days on speculation the European Central Bank will take steps to ensure itís able to buy loans by the nationís banks as part of its stimulus pl...
Greek factory activity returns to contraction in September - PMI
Greek factory activity contracted at the fastest rate in almost a year in September as output and new orders declined, a survey showed on Wednesday. Markit's purchasing managers' index for m...
Inside Business
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakosís first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Incoming EC President Jean-Claude Juncker to visit Athens
2. Greek bonds rise on speculation ECB to allow bank-loan purchases
3. Seven arrested in Greece in migrant smuggling ring
4. Velvento banks robbers not terrorists, court rules
5. Greek factory activity returns to contraction in September - PMI
6. Demolition of uninhabited homes at Roma camp goes ahead
more news
Today
This Week
1. Air-raid sirens to go off all over Greece at 11 a.m. in drill
2. Truth before the battle
3. Thessaloniki transport gets more expensive
4. Smallpox decimates sheep stocks in northern Greece
5. Bending the rules
6. Mario Draghi to push ECB to buy Greek, Cypriot 'junk' loans: FT
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.