Tuesday December 23, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Banks should be left as they are

It would be a grave mistake if Greek banks were stripped of their private character.

The country has paid dearly in the past for the sins committed by banks that were entirely controlled by the state and almost exclusively worked toward serving and protecting their own boys and cronies.

The country saw how great the difference between a state-owned and a private bank is when National Bank of Greece transformed under the guardianship of former Governor Theodoros Karantzas into an institution that operated according to the rules and criteria of a private enterprise rather than a dated organization governed by political considerations and burdened by bureaucracy.

Any shift back to the model of state-run banks, a model which belongs firmly in the past, would cause a great deal of harm to the economy and the country, which is struggling to get back on its feet.

ekathimerini.com , Friday March 8, 2013 (20:47)  
Klaus Regling stresses debt sustainability through commitment to reforms
Crisis of confidence will come back again and again, says Thomas Piketty
Who lost Greece
Snubbing the moderates
Govt seeks better result in second presidential vote as bribe claim probe shelved
With all political parties now actively preparing for the prospect of snap elections, MPs are to vote in the second ballot of a critical three-phase presidential vote at noon on Tuesday. The...
Civil servants to grade evaluation scheme
As of Monday, Greek civil servants are now able to have a say in the public sector evaluation scheme that is currently undergoing fine-tuning by the Ministry of Administrative Reform. By log...
Inside News
October data show fleeing bondholders
October data compiled by the Bank of Greece confirm that foreign investors are letting go of their Greek bonds, as within just one month the countrys central bank recorded an outflow of 1.7...
Expired debts to the state soar to more than 72 bln euros
Households inability to keep up with their tax payments combined with anticipation of the new repayment plans, which were finally announced a few weeks ago, led to expired debts to the stat...
Inside Business
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. October data show fleeing bondholders
2. Expired debts to the state soar to more than 72 bln euros
3. First four contracts to fund small firms signed by IfG and banks
4. Investors putting plans on hold
5. Govt seeks better result in second presidential vote as bribe claim probe shelved
6. Civil servants to grade evaluation scheme
more news
Today
This Week
1. Greek parliament vote in balance after Samaras election offer
2. Euro shaky on ECB and Greece, dollar keeps edge
3. Prosecutor gathers depositions in Independent Greeks 'bribe' probe
4. Government accuses SYRIZA and Independent Greeks of 'clear alliance'
5. Draghi starts squaring QE circle in month of persuasion for ECB
6. Klaus Regling stresses debt sustainability through commitment to reforms
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. High stakes
3. Europe's drama in Greece needs final act to avoid tragedy
4. On the edge but not gutless
5. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
6. Greek PM offers compromise solution with elections by end-2015
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.