Almost 5 million euros has been deposited in a bank account opened in May 2010 to collect donations to help pay off Greece’s debt, it was revealed on Thursday.
The account was opened after a proposal by Parliament Speaker Filippos Petsalnikos in May 2010, when Greece asked the European Union and the International Monetary Fund for emergency loans.
Petsalnikos said some 3 million euros had been raised by contributions from Parliament, MPs and MEPs.
A Greek businessman abroad donated 500,000 euros, while the Church of Greece and professional groups have also contributed to the fund.
The money was used to buy back Greek bonds. (Kathimerini)
PS Do I understand right, that they bought Greek bonds with this money? These specific bonds that currently undergo a “haircut”?