The conclusion-verdict of the Competition Commission is expected around the end of 2022 for a possible violation of the competition principles by the systemic banks, according to the Minister of Development and Investment ‘Adonis Georgiadis.
Answering, in Parliament, a topical question of the SYRIZA MP Haris Mamoulakis, on “Obstacles to the work of the Competition Commission in bank audits”, Mr. Georgiadis said that the Commission’s investigation, based on its usual rhythms, which correspond to relevant international schedules, will be delivered by the end of the year.
“I will institutionally await the conclusion of the Commission and when this is given me I will act according to the provisions,” said Mr. Georgiadis.
For his part, Mr. Mamoulakis said that the finding is crucial and called on Mr. Georgiadis to make a request to the Commission to expedite its completion. He even noted that, just yesterday, during the briefing of the competent parliamentary committee, Consumer Ombudsman Lefteris Zagoritis stated that for the last three years there has been an blizzard of reports and citizens ‘complaints against the banks’ practices.
In response, Mr. Georgiadis said that from the moment the Competition Commission began its investigation, a request for control by him would be considered “interference”. At the same time, he characterized SYRIZA’s interest as hypocritical, since, as he said, that during SYRIZA’s five years in power and despite public outcry against bankers and usurers, not a single euro fine was imposed, and there was no control of banks.
Latest News
JP Morgan Remains ‘Bullish’ on Greek Banks
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
Greece Takes Command of EU’s Operation ASPIDES in Red Sea
The defense minister also visited the Greek frigate Spetsai, which is participating in Operation ASPIDES, while in the port of Djibouti
Brain Gain: Returning Greeks Drive Innovation and Growth in IT and Key Sectors
The profile of the returnees to Greece reveals that 67.6% have families, and 52% have children
New Regulations Target Airbnb Rentals in Greece with Safety and Quality Standard
Additionally, a new ranking system for tourist accommodations based on sustainability criteria is expected to be introduced
Piraeus Port Authority: Net Profits Exceed 70mln€ in Jan-Sep 2024
All indices rise in third quarter of 2024 compared to corresponding period of 2023