Election 2008: The Feline Point of View 
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(Title) With the votes of the ruling party and the Southwest adopted the establishment of the Financial Stability Fund – financed with 10 billion euros from the European mechanism for support from the resources of other countries EU and the IMF – as the bill provides for the Finance Ministry which is being discussed in Parliament. According to the principle of the bill voted for the Communist Party, LAOS and SYRIZA.
«Necessary intervention of the state” characterized the initiative for establishing the Fund, the Deputy Minister of Finance, Philip Sachinidis explaining that especially in this critical juncture it is necessary to create a mechanism to ensure the stability of credit from an accident, a possible – but unlikely, though it is – a collapse or asphyxiation institution that could have systemic implications.
response to criticism (particularly of the President of LAOS) on the selectivity of banks over other enterprises Mr. Sachinidis said not to be equated the role of banks and other business reasons for highlighting the international experience, founded on a bank if a country faced with the danger of being closed, affecting the functioning of the entire banking system. The Deputy Minister of Finance specifically cited the example of Port Braders to say that the inaction and delay the U.S. government led to the outbreak of the third-biggest crisis which was confronted by the capitalist system. He noted that the Fund is a “safety net” to keep stability in the Greek banking system, creating the institutional conditions that, if necessary to provide capital support for banks and said “scaremongering and untargeted” what was said by the parties of the Left premium bankers.
On behalf of the Southwest, he Kyriakos Mitsotakis stressed that Southwest placed for the Establishment of the Fund “not because it provided in the Memorandum, but it requires a stable financial system” and said that voting for principle expressing individual reservations to articles.
On behalf of the Communist Party, Angelos Tzekos said the government rewards those banks which operate in full view of the profit comes from the exploitation of working people.
«scandal» featured legislation, parliamentary spokesman SYRIZA, P. Lafazanis, indicating that the government deal with distressed banks as institutions and as a problem for pensioners at 600 euros.
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12-7 -2010
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