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Posted on March 12, 2014, 12:18 pm
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Prosecutor presses felony charges against former banker heads
/ Apr 20
An economic prosecutor on Thursday brought felony charges against the former Bank of Greece (BoG) governor George Provopoulos, the former Piraeus Bank chairman Michalis Sallas and a number of executives
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An economic prosecutor on Thursday brought felony charges against the former Bank of Greece (BoG) governor George Provopoulos, the former Piraeus Bank chairman Michalis Sallas and a number of executives from both banks on Thursday, for actions in 2009 that harmed the reserves of pension funds.

The charges against Provopoulos are repeated breach of trust, in conjunction with the aggravating circumstances of the law against state embezzlers, and moral instigation in the breach of trust for Sallas. Among the other executives being charged, is the then vice president of Piraeus Bank’s board and current CEO of Attica Bank Theodoros Pantalakis.

The charges were called by economic prosecutor Panagiotis Athanasiou after an investigation conducted by deputy economic prosecutor Eleni Michalopoulou, who stated that, the central bank, during the disputed period, didn’t protect as he ought to have done, the reserves of the pension funds (which are managed by the central bank), resulting in the loss of millions of euros in favour of Piraeus Bank.

Michalopoulou said the BoG traded titles solely with Piraeus Bank, which meant the latter benefited from a beneficial restructuring of its portfolio, while pension fund reserves were hurt, or at least risked as a result of the process. Following this exchange, the launching of a bond swap program with the private sector aimed at reducing Greece’s debts – known as the PSI – the funds lost a further 53.5 percent of their value, while Piraeus Bank benefited, as the bonds it bought were not included in the PSI.

An investigative magistrate has taken over the…

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Prosecutor presses felony charges against former banker heads
Phantis

An economic prosecutor on Thursday brought felony charges against the former Bank of Greece (BoG) governor George Provopoulos, the former Piraeus Bank chairman Michalis Sallas and a number of executives from both banks on Thursday, for actions in 2009 that harmed the reserves of pension funds.

The charges against Provopoulos…

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Apr 20, 2017

An economic prosecutor on Thursday brought felony charges against the former Bank of Greece (BoG) governor George Provopoulos, the former Piraeus Bank chairman Michalis Sallas and a number of executives from both banks on Thursday, for actions in 2009 that harmed the reserves of pension funds.

The charges against Provopoulos are repeated breach of trust, in conjunction with the aggravating circumstances of the law against state embezzlers, and moral instigation in the breach of trust for Sallas. Among the other executives being charged, is t

2 mins 0
Apr 20, 2017

The Stavros Niarchos Foundation (SNF) announced it is donating 143 modern ambulances to the National Emergency Center (EKAV) and undertaking their full maintenance for the next eight years, as part of its initiative against the economic crisis and aside for its regular community action.

The new vehicles will modernize 22 percent of EKAV’s total ambulance fleet of 650 vehicles, replacing older technology vehicles, SNF’s Chief Operating Officer John Zervakis said at an event held on Thursday with EKAV and the Health ministry to present the don

36 secs 0

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Prosecutor presses felony charges against former banker heads
An economic prosecutor on Thursday brought felony charges against the former Bank of Greece (BoG)
Phantis
Niarchos Foundation donates 143 ambulances to the State
The Stavros Niarchos Foundation (SNF) announced it is donating 143 modern ambulances to the National
Phantis

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subtitle

Prosecutor presses felony charges against former banker heads
Niarchos Foundation donates 143 ambulances to the State
Government spokesman dismisses reports on extra measures in 2018
Tsipras tweets on website, app used to track government work, record grievances
IMF report: Greek economy to grow 2.2 pct in 2017 and 2.7 pct in 2018
All eyes turn to Washington
‘No measures for 2017 and 2018’
< >

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Prosecutor presses felony charges against former banker heads

An economic prosecutor on Thursday brought felony charges against the former Bank of Greece (BoG) governor George Provopoulos, the former Piraeus Bank chairman Michalis Sallas
AMNA on Politics / 20, Apr / 0

Niarchos Foundation donates 143 ambulances to the State

The Stavros Niarchos Foundation (SNF) announced it is donating 143 modern ambulances to the National Emergency Center (EKAV) and undertaking their full maintenance for the
AMNA on Greece / 20, Apr / 0

Government spokesman dismisses reports on extra measures in 2018

The International Monetary Fund’s (IMF) revised projections for the 2016 primary surplus is a positive development, government spokesman Dimitris Tzanakopoulos on Thursday said during a
AMNA on Politics / 20, Apr / 0

Tsipras tweets on website, app used to track government work, record grievances

Prime Minister Alexis Tsipras informed about a website and an application launched to track government work and lodge citizen complaints concerning the public administration, saying
AMNA on Politics / 18, Apr / 0

IMF report: Greek economy to grow 2.2 pct in 2017 and 2.7 pct in 2018

Economic growth in Greece will reach 2.2 percent in 2017 and increase to 2.7 percent in 2018, the International Monetary Fund said in its World
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Finance Minister Euclid Tsakalotos and Alternate Finance Minister George Chouliarakis on Thursday will depart for Washington where the 2017 spring meetings of the World Bank
AMNA on Politics / 18, Apr / 0

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An economic prosecutor on Thursday brought felony charges against the
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Finance Minister Euclid Tsakalotos and Alternate Finance Minister George Chouliarakis on Thursday will depart for Washington where the 2017 spring meetings of the World Bank Group and the International Monetary Fund will take place.

The Greek ministers hope that a compromise between the Europeans and the Fund on the debt issue will be reached on the sidelines of the meetings.

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An economic prosecutor on Thursday brought felony charges against the former Bank of Greece (BoG) governor George Provopoulos, the former ...
/ Apr 20
The Stavros Niarchos Foundation (SNF) announced it is donating 143 modern ambulances to the National Emergency Center (EKAV) and undertaking ...
/ Apr 20