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Tag Archives: assets

Tax Authorities freeze wealth of powerful Greek businessman in media & shipping

Greece’ financial crimes prosecutor ordered the freezing of moveable and immovable wealth of powerful businessman Giannis Alafouzos on Wednesday. The order for the freezing has been sent by the same prosecutor to the banks. Cause of the measure apparently in the context of  “tax control” are the difficulties to justify …

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Greece’s new Privatization Fund & the Vanity of Schaeuble’s Wishes

The “Hellenic Company for Assets and Participation” (EDIS) is the name for the new  Privatization Super-Fund that will claim ownership of all assets of the Greek state including 70,000 real estate properties, all major state-run enterprises like utility companies (electricity, water) and public transport (buses, metro etc), state shares in …

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BoG appoints Pricewater &Co with Liquidation of €9bn Assets in non-performing loans

Appointment of a Special Liquidator for all the credit and financial institutions under special liquidation The Bank of Greece, in implementation of a relevant provision of Law 4336/2015 and by virtue of Credit and Insurance Committee Decision No. 182/1/4.4.2016, has appointed PQH Single Special Liquidation S.A. as Special Liquidator for …

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Greece laughs: ex transportation minister Liapis turned into “clown of the town”

No Greek politician has suffered such a public castigation, taunting and humiliation before like the former Transportation Minister Michalis Liapis, 62, who was caught driving a luxury jeep with counterfeit license plates. As if the public humiliation was not enough, his party, conservative Nea Dimokratia, expelled him on Thursday by …

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Cypriot banks to open again on Mar 26/2013 – Plans for capital restrictions

Banks will open again on Tuesday, March 26th 2013, Central Bank of Cyprus said Wednesday evening in a statement. This regulation will affect also the Cypriot banks subsidiaries in Greece: Bank of Cyprus, Popular (Laiki) Bank and Hellenik Bank. Also Greek Finance Minister Yiannis Stournaras confirmed that the Greek subsidiaries …

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Samaras, Venizelos, Kammenos: Greece’s richest politicians

Greek Parliament published on Tuesday the assets of 508 politicians for the financial year 2011 (2010). The so-called “πόθεν έσχες” (literally: whence did you acquire it?) contains the asset means of MPs and party leaders according to their declarations to tax offices. According to the πόθεν έσχες lists uploaded on the website …

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Greek MPs Wealth Declarations Published on Internet (*sigh*)

The majority of Greek parliamentarians are wealthy. They have  real estate, bank deposits and investments. The so-called “pothen eshes”-declarations apparently stating the origins of wealth of 572 politicians have been posted online on the Greek parliament website, for all Greeks to admire. It is a tradition showing the politicians transparently …

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Greek MP’s Committee asks info about former minister with mammoth assets in bank accounts

That’s juicy! The rumors are so strong that the parliamentary committee in charge of the lawmakers assets has asked the Financial Crime Combat Unit to provide information and verify or clear the rumors. Object of investigation is a  former conservative of the conservative wing with allegedly 178,000,000 euros in bank accounts. What a …

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Screening Greek Politicians’ Assets: Real Will or Distraction Strategy?

What is the purpose of all these leakages to Greek media heralding the economic screening of politicians’ assets? Are these news a result of serious political will to finally clean a corrupt system or is it   just a government campaign to distract the public from all these prices hikes? The latest relevant media report has it, that …

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