Concern for a dive in the Mechanism, after the decision for Laiki

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In combination with the crisis in Greece

The parties and analysts see the danger of the Support Mechanism after the decision for state support of the People's Bank, if the state fails to secure the required 1,8 billion XNUMX 

Twenty-four hours after the passage of the bill by the Parliament, the criticism of the political world intensifies, with the main recipients being the bank administrations, while there is a wider reflection on the attribution of responsibilities.

The bill for the support of Laiki brings to the surface the concerns that arise from the liquid political field in Greece, at the same time that the problems for the country are increasing and the effects for Cyprus are becoming more intense.

The next day has changed the data for Cyprus but also for Laiki Bank. Government support brings a sense of stability to customers and depositors. It was decided to ensure that the implementation of the restructuring plan of Laiki will begin in the form of 12,5% ​​cuts in relation to operating expenses and salaries of staff and salary cuts for executives.

It is worth noting that based on the annual report the earnings of Efthymios Bouloutas for 2011 were € 1.083.000 and leaving he received compensation of € 1.543.000, of Christos Stylianidis € 241.000 and of Panagiotis Kounnis € 242.000, earnings that were at the same levels as in 2010.

Source: FILELEFTHEROS