Thursday, October 11, 2012

The Greek Bankster-Government Revolving Door

This is how they roll in Greece, not much different from the way the crony banksters role in the U.S. Reuters reports:
The governor of the Bank of Greece was given a severance payment of 3.4 million euros when he left his former employer, a major bank that he now regulates, documents seen by Reuters show.

George Provopoulos was awarded the sum when he stepped down as vice-chairman of Piraeus Bank to become governor of Greece's central bank and a member of the board of the European Central Bank in 2008. The scale of the pay-off, previously unknown to most Greeks, is likely to prove controversial, amounting to nearly 2.8 million euros ($3.6 million) after tax.

1 comment:

  1. 3.4m euros? Wow. It costs a lot to implant a sense of indebtedness in the heart of a Greek banker.