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Athens News Agency: News in English, 08-10-06
CONTENTS
[01] Alavanos on savings deposits
[01] Alavanos on savings deposits
The head of the Coalition of the Radical Left (SYRIZA) Parliamentary
group Alekos Alavanos on Monday said the government should immediately
pass legislation that would ensure a state guarantee of retail savings
deposits in Greek banks, while scrapping a 2000 law that placed an
upper limit of 20,000 euros on the amount of savings guaranteed.
"This is the only way that people can feel some security and the state
can regain its regulatory role over the banking sector," Alavanos said
during an Athens book launch, referring to a statement on this issue
made by Prime Minister Costas Karamanlis in his address to ruling New
Democracy's Parliamentary group earlier the same day.
Referring to promises made by Karamanlis, who stressed that Greek banks
were robust and that the government would be able to guarantee people's
savings, he pointed out that the prime minister would not be in office
forever and that the guarantor of saving deposits under the current law
in Greece was not the state but a bank-sector "Deposits Guarantee" Fund
that only covered up to 20,000 euros in savings.
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