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European Commission: Greeks Pay for Parties Debts

European-CommissionThe European Commission confirmed that the Greek citizens are repaying the loans of the Greek parties but refuses to provide information on which parties have taken loans.
The figures come from the answer of the EU Commissioner Joaquin Almunia to a relevant question by the MEP of SYRIZA, Nikos Chountis and Theodoros Skylakakis a MEP with the Alliance of Liberals and Democrats in Europe and leader of the small centrist party “Drasi.Almunia said that the loans of the Greek parties were already non-performing since 2013.
Nikos Chountis asked Almunia about the exact amount of loans given by banks to political parties while he claimed that the non-performing loans are paid by the Greek citizens. Skylakakis claimed that the debts of the ruling New Democracy amount to 145 million euros. He asked if there were any arrangements for New Democracy’s debt, such as reduction of interest rates, which would boost the party’s finances before the euro elections.
The European commissioner said that the recapitalization of Greek banks by the Greek Financial Stability Fund was funded by the citizens’ money. He added that the Commission’s role is not to publicize information on loans taken from banks which have been recapitalized with state aid, in Greece or in any other member state.

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