How privatizations work: The example of ATE bank

What kind of world is this? How is it possible to bury a compelling case such as the transfer of ATE Bank (Agricultural Bank of Greece S.A.) to Sallas? Why does it go unnoticed from all the major newspapers, right-wing and “democratic”, the major channels, or even the major news web-sites?

Who shuts mouths and how even elementary journalistic “curiosity” disappear from the Greek republic of memoranda?

• ATE bank was packaged for sellout when it wasn’t recapitalized with the decision of Papademos and based on a law proposed by Venizelos.

• ATE bank was divided into “good” and “bad” by technocrats, with the Greek parliament been completely unaware of such a serious matter.

• The ATE bank is now purchased by Sallas, with money that come from the recapitalization of Piraeus bank. That is our money that they give to a banker so he can buy our bank.

• Provopoulos, who decides and orders for the fate of ATE bank is the former vice president of Piraeus bank.

• ATE bank holds 40% of agricultural land in mortgages. And this national agricultural section now passes into the hands of a banker with all grim implications for the future.

• The “bad” ATE bank hold doubtful debts and loans, among which 200 million euros borrowed and never returned by PASOK social-democrats and ND conservatives. The same people who gave ATE bank to Sallas now leave us with their debts.

Only those briefly mentioned points, should be enough for creating havoc in the media. Instead the public is even more anemic than the amount given by the Piraeus bank to devour the ATE bank .

Conclusion: We live in the bankers’ territory who have full assistance of the troika in order socialize their losses and keep the profits.

http://tvxs.gr/news/egrapsan-eipan/h-agrotiki-kai-o-orgoyel-toy-thanasi-karteroy