Greek Finance Minister Yanis Varoufakis announced a 40% cut to the salaries of broad of directors of the Greek Financial Stability Fund (HFSF). The decision refers to the salaries of the HFSF President, CEO, deputy CEO etc. Varoufakis stressed that the cuts will “save 300,000 euro per year” for the Greek government.
In a statement, Varoufakis writes that he understands very well that “that high positions of responsibility should be rewarded respectively,” then he notes that “the current salaries at the HFSF, at a time when the incomes of workers in both the private and public sector have shrunk, are a challenge for the whole of Greek society.”
All find and good, you would think. But! The Greek Finance Minister’s decision has to consulted with the country’s lenders and be approved by the three Institutions formally known as the Troika and thus according to the Law 3864/2010. Therefore, the Finance Minister addresses the head of the Euro Working Group Thomas Wieser and underlines that
“At a time when institutions consider “setback” (backtracking) the suspension of reductions in supplementary pensions and of increases in the minimum wage, the Minister of Finance believes that the Euro Working Group will not raise bring objections to this decision.”
How much do HFSF directors earn?
A total €785,000 per year, thanks to an older KTG-post from February 2013.
What do all these directors – 8 in total – do to justify meals with golden spoons in a country that struggles to pay salaries and pensions and meets its obligations to the lenders?
“The purpose of the Hellenic Financial Stability Fund, is to maintain the stability of the Greek banking system through the strengthening of the capital adequacy of credit institutions, including subsidiaries of foreign credit institutions, provided they legally operate in Greece under the authorization of the Bank of Greece, and through the recapitalization of transitional credit institutions,” according to official HFSF website.
According to the Official Gazette of January 30th 2013, that published the official hiring of these directors, their salaries are:
Executive Board – gross salaries per year
CEO: €215,000
Deputy CEO: €185,000
President: €100,000
Member: €165,000
All HFSF directors have been assigned to serve the Greek state and banking system from 1. February 2013 until 30. June 2017.
I do not know if all directors are still in their positions – and why not by these salaries? – but Chief Executive Officer Anastasia Sakellariou of €215,000 annually kindly asked to resign beginning of the month.
The 39-year-old has been referred to stand trial together with 40 other people for the scandal of the Greek Post Bank where she served as executive member of the finance committee in the year 2012.
The HFSF said in a statement that “there was no legal impediment” for Anastasia Sakellariou to remain in office. as the trial is still pending. But the exit door was wide open.
Anyway, the HFSF has a CEO vacancy open and if you’re interested to apply for a job of €215,000 gross minus 40%, please, note that closing day for applications is 1. June 2015.
As it appears that they don’t hire analphabets it’s a totally antisocial job and discriminating.
“Lügen, Lügen, Lügen”
Greece needs a “anti-propaganda-minister”!
“die Zeit” created the “Antisemit” Kammenos who “provokes” the brave Turks by flying over Greek waters and islands while no German media reported more than 80 times by Turkish bombers violated Greek airspace in December – that’s more than the 400 times in 2014 by Russia in NATO-area – the “Antisemit” was copy-smeared a few times, also by German politicians and for some media the whole government and Greece in general is full of “Anti-Semitism” and I guess the military manoeuvres with Israel too; Turkey is that thankful to be used as a tool against Greece that it tells another 16 Greek islands “Turkish”, some of it inhabited by thousands of Greeks and some around Crete.
The newest example of innovative free German press is “der Tagesspiegel” who created out of the “fairy tales, fairy tales, fairy tales” sentence regarding tappings of EU-blabla the paranoid headline “Lügen, Lügen, Lügen”.
http://www.tagesspiegel.de/politik/yanis-varoufakis-und-die-medien-luegen-luegen-luegen/11810672.html
NTV shows Greek school-kids with “Moutza” and “misunderstands” them as Nazis: http://www.n-tv.de/mediathek/videos/wirtschaft/Steuerzahlerbund-warnt-Bundestag-article5560256.html
It would be nice to officially boycott NTV, that might bring enough noise to drive all the other “German Lies” more into focus and it would be a pleasure to then see the NTV-speaker, who is so full of hatred against Greeks one can see it sweating out of his ugly ballermann-face.