Ministry of Finance: Kasselaki’s post about Attica Bank is wrong and frivolous 2024-07-14 18:47:51

The following is the “circular” comment of the Ministry of National Economy and Finance regarding the posting of the president of SYRIZA, Mr. St. Kasselaki regarding Attica Bank:

“Mr. Kasselakis is quick to denounce an agreement before it is even signed. When he reads it he will realize that his post today was completely inappropriate and frivolous. The government consistently serves the public interest and its policy will be recorded in this particular issue as well.

However, Mr. Kasselakis should be more careful when he talks regarding Attica Bank. Because the looting that took place during the days of SYRIZA was one of the main reasons why the Bank found itself on the brink of the cliff with the deposits of Greek citizens being put at risk.”

Earlier, the president of SYRIZA, Stefanos Kasselakis, had said:

“Private bank with public money! The State owns 72.5% of ATTICA Bank, having paid approximately 500 million euros in two increases in its share capital, namely:

-153 million in the first share capital increase at the end of 2021 and
-329 million through the HFSF & 39.8 million through the eEFKA in the second share capital increase on 12/23/2022.

Private individuals in Thrivest and Pancreatia Bank have paid just 33.8 million and 29.9 million respectively, covering 21% of the second share capital increase.

According to reports, the conclusion of an “opaque” agreement is imminent, according to which, while the State – that is, the Greek taxpayers – will participate with an additional 350 million in a new share capital increase, it will eventually find itself – in combination with the activation of the warrants – to own only 33% of Attica Bank.

On the contrary, private individuals, who will participate with 300 million euros, will end up with at least 51% of the bank!

Let’s make it more understandable.

The State will dispose of 33% of Attica Bank having suffered a loss of 800 million euros.
Individuals with just 300 million will find themselves with 51% of the Bank’s shares! Private banking pillar with State investment.

The recipe followed is well known. The same thing happened to the Piraeus bank with a €2.4 billion loss for the State, the same to PPC with a €800 million loss.

The government insists on “investing” our money and the final benefits to be reaped by private individuals.

The basic principle that the State wants, when it invests, to also have benefits commensurate in value, so that the crime of infidelity is not established, is once once more catalyzed.

PS: The modern Left does not obey interests. The road that leads to society’s demand for Change is the road of conflict – at any cost – with the interests that affect the Greek taxpayer. I call on PASOK to act accordingly and to “walk” together on this road. This is also the only way of convergence.

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#Ministry #Finance #Kasselakis #post #Attica #Bank #wrong #frivolous

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