Draft report on loans to political parties, media, show ΄blatant΄ violations of bank rules

Balomenakis said the text attempts to capture “in a very specific way” a variety of violations and offenses in connection with the issue discussed in the committee.

“What became clear to all citizens during the parliamentary committee meetings is that in many cases of lending to parties and media, especially after the start of the crisis, entrenched and necessary guarantees used by banks were bypassed and guarantees were given to inconsistent borrowers,” he said, adding that in other cases, statements which were obviously false were accepted as true.

A result of this tactic which became systematic was to “favor blatantly and openly” New Democracy and PASOK, especially after the start of the crisis, as well as large media groups which benefited from loans granted without guarantees, Balomenakis said.