Cypriot Banks in Politician Loan Scandal

Via: Enet English

A list of Cypriot politicians who reportedly had millions in loans to Cypriot banks forgiven is published in Greece

Friday 29 March 2013 

There is already anger on the island that loans with the Bank of Cyprus, Laiki Bank and Hellenic Bank often running into the hundreds of thousands – and, in one case, millions of euros – have allegedly been wiped out.

The list, reported in Friday’s Ethnos newspaper and which has been handed to the Cypriot parliament’s ethics committee, includes the names of politicians from Cyprus’ biggest parties (excluding the socialist EDEK and the Greens).

Questions are being asked as to why banks at which – in the case of Bank of Cyprus and Laiki – deposits of above €100,000 face a levy of an estimated 40% apparently forgave the loans of politicians and other senior figures in the country’s public administration.

According to information acquired by Enet.gr, the list was originally leaked by the Cypriot parliament to a member of the European Parliament, and subsequently to journalists in America, before arriving in Greek hands.

Read more: here

Thank goodness that can’t happen here..Our politicians are way too honest for that…
-Moose

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