More
to follow
According to the announcement of the main opposition party SYRIZA "... we are talking about a crime in opportunity price since the Hellenic Financial Stability Fund (HFSF), prior to the increase of the share capital of the bank, has signed an agreement with a team of institutional investors (!) leaded by Fairfax, to attract capital with a share price of 0.30 - that is 75% cheaper of what is was cost to the Public (HFSF), but also lower from the current price in stock market! [...] the offer of the foreign financial firm concerns 47% of the increase equal to 1.332 billion."
According to the announcement of the main opposition party SYRIZA "... we are talking about a crime in opportunity price since the Hellenic Financial Stability Fund (HFSF), prior to the increase of the share capital of the bank, has signed an agreement with a team of institutional investors (!) leaded by Fairfax, to attract capital with a share price of 0.30 - that is 75% cheaper of what is was cost to the Public (HFSF), but also lower from the current price in stock market! [...] the offer of the foreign financial firm concerns 47% of the increase equal to 1.332 billion."
In essence,
the bank is just changing private hands with money from the taxpayers
who will be called to carry the damage of recapitalization. The bank,
as well as the other systemic banks was in reality always under
private control.
Profits for
banks, debts for Public:
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