First Italy, Now Greek Banks Being Investigated For ‘Funding’ Politicians, Media
By Tyler Durden
With Trump going after billionaire-funded media in America, and Italy facing probes over its banking-system-controlled media, it is perhaps no surprise that yet another generally corrupt nation – Greece – is facing a parliamentary committee investigation into spuriously large 'bank loans' and highly-concentrated advertising spend made to various political parties and media groups in 2015.
The Parliamentary Inquiry Commission decided on Wednesday to investigate the advertising expenditure of Greek banks to the media over a period of the last 10 years. As KeepTalking Greece reports, the Commission investigates in general the legality of bank loans to political parties as well as loans to mass media groups. The extension of mandate to investigate also the bank advertisement to media was submitted by SYRIZA MP Annetta Kavvadia, a former journalist.
According to Kavvadia, “70% of the bank advertising expenditure was distributed among five media and media groups in 2015″ and that the citizens had a right to know that while the banks were stopping loans to Small & Medium Enterprises they were profusely posting ads in the same media that had taken loans from them.”
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“>“It is interesting to see what amounts of money were given by the banks to particular media companies that allegedly had taken loans form the same banks and were unable to service these loans, ” Kavvadia said.
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“>New Democracy representative at the Committee rejected Kavvadias’ proposal claiming that it went beyond the Committee’s mandate and did not support the proposal.
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“>The representatives of SYRIZA, Independent Greeks, Golden Dawn, KKE, Centrists’ Union, voted in favor, GD asked an investigation ever since 2002. PASOK and To Potami voted “present”.
The Comm<span title="? ???????? ????????? …read more
Source: First Italy, Now Greek Banks Being Investigated For ‘Funding’ Politicians, Media
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