Greeks lost more than 40 billion euros to banks

The Greeks paid very dearly for “salvation” banks, because the total damage after their sales to foreign owners reached 40 billion euros.

With so much damage to the pockets of Greek taxpayers, it is worth wondering why the government is celebrating, and even Finance Minister Kostis Hatzidakis says in his statements that he is delighted!

What is he happy about? Mathematics is an irrefutable witness to what exactly happened. The amount of losses of four systemically important banks:

• Piraeus – 18.39 billion euros
• Ethniki -7 billion euros
• Eurobank 9.9 billion euros
• Alpha bank 3.66 billion euros

Thus, a total of 40 billion euros were lost, and the government was happy to receive 691 million euros for the sale 10% of voting shares of the National Bank. But we have not seen a single government official who would publicly appear on television and explain to citizens what exactly happened.

Creditors forced Greek citizens to buy their banksand now they are forcing (with the help of the Greek government, of course) sell them at humiliating prices! It is necessary to understand that banks are now foreign owned.

Never in history has an economy developed and prospered without its own banking system (unless, of course, the country was a colony). Without Greek banks there can be no financing for Greek businesses. Because when banks are in the hands of foreign owners, the first thing they care about is getting profit for yourselfand not for the economy of the country in which their acquisitions are located. And they can make a profit very easily by simply using Greek citizens' money without any risk.

Banks are literally having fun with depositors' money, because while they are issuing loans at 5.78% (the new increase), the interest rate they are giving to depositors is only 0.57%! And they consider it “success”” to such a level that they even paid dividends due to explosive profits of 814 million euros!

Greek banks, capitalized with the blood of the Greek people, are “almost present” in the Greek economy. They issue loans only with participation EU and guaranteed by the ECB. In short, their foreign owners only lend when they are safe, that is, when they know they will make a profit.

The Greek economy currently does not have a national banking sector, and without the return of banks to national control there is no hope of improving the economy and the standard of living of our country's citizens.

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