Tuesday April 28, 2015 Search
Weather | Athens
14o C
09o 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)  
If Greece falls, no one wants their prints on the murder weapon
Reaching crunch time
Personal sacrifices
Five years ago
Erdogan raps new Turkish Cypriot leader
Turkish President Recep Tayyip Erdogan became embroiled with a war of words with the newly elected leader of northern Cyprus on Monday, bluntly telling him he should be careful what says. Mu...
University rectors and mayors stall over cash
As the government scrambles to raise the cash to cover its pending obligations in the coming months, it remained unclear on Monday whether university rectors and local authorities would comp...
Inside News
Local retailers bracing for yet another Sunday battle
The conflict between small and big players in commerce has been rekindled by a law provision allowing stores to open this Sunday, May 3, as it is the first Sunday of the spring sales period....
Supermarket sector sees turnover decline and more concentration
Greeces supermarket and cash and carry sector has declined at an annual rate of 3.7 percent over the last four years, hit albeit to a lesser degree than other domains in the countrys eco...
Inside Business
BASKETBALL
Rethymno defeats in-form AEK on Crete
AGO Rethymnou put an end to a positive string of results for in-form AEK, while PAOK survived a strong challenge by Kolossos Rhodes in Thessaloniki in yet another exciting weekend of basketb...
SOCCER
Panathinaikos beats Xanthi to rise to second
Panathinaikos jumped back up to the second spot of the Super League after its home win over Xanthi on Saturday, as PAOK slumped to third due to its draw at home with PAS Giannina on Sunday. ...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Rethymno defeats in-form AEK on Crete
2. Local retailers bracing for yet another Sunday battle
3. Supermarket sector sees turnover decline and more concentration
4. Athens tourism should grow unless stability is threatened
5. Erdogan raps new Turkish Cypriot leader
6. Reuters poll: 40 pct chance of a Greek eurozone exit
more news
Today
This Week
1. Greeces day of reckoning inches closer as debt payments loom
2. Tsipras reshuffles negotiating team after Riga debacle
3. Pensions will not be cut, insists social insurance chief
4. Berlin silent on content of Merkel-Tsipras chat amid claims of 'dramatic' situation
5. Anastasiades, Akinci speak and look towards fresh push in peace talks
6. ECB seen going all the way on QE as economists doubt taper
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Europe's collision course with Greece
3. Denialism
4. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
5. Leaving the past in the past
6. Varoufakis warns of Grexit contagion
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.