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A comment on Varoufakis reveals cloak and dagger 'Plan B' for Greece, awaits treason charges. Parent comment

Re:Varoufakis reveals cloak and dagger 'Plan B' for Greece, ... by nl on Monday July 27, 2015 @01:33AM (#9953514)
That simplifies the actual situation.

Yes - in common with most central banks it is supposed to be independent. However It ... acts as a treasurer and fiscal agent for the Greek government[1] and is partially owned by the Greek government (35%)

[1] https://en.wikipedia.org/wiki/Bank_of_Greece

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Re:Varoufakis reveals cloak and dagger 'Plan B' for Greece, ... by Tomte on Monday July 27, 2015 @01:40AM (#9953535)
No, you try to confuse the issue.

The finance Minister of Greece has no authority to order the BoG around re: fiscal policy, nor has he any right to seize its money.

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Re:Varoufakis reveals cloak and dagger 'Plan B' for Greece, ... by nl on Monday July 27, 2015 @02:05AM (#9953605)
Bank of Greece shareholdings: https://www.nbg.gr/english/the-group/corporate-governance/sh...

That 57% owned by the HFSF? That's the Hellenic Financial Stability Fund[1], the management of which is controlled by the Greek government[2].

[1] https://en.wikipedia.org/wiki/Hellenic_Financial_Stability_F...

[2] https://en.wikipedia.org/wiki/Hellenic_Financial_Stability_F...

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Re:Varoufakis reveals cloak and dagger 'Plan B' for Greece, ... by dragonwriter on Monday July 27, 2015 @01:54AM (#9953579)
> The finance Minister of Greece has no authority to order the BoG around re: fiscal policy

AFAIK, this is incorrect. The government orders that bank with regard to fiscal actions (that's what the "fiscal agent" role means.) Monetary policy is another thing.

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Re:Varoufakis reveals cloak and dagger 'Plan B' for Greece, ... by Tomte on Monday July 27, 2015 @01:57AM (#9953586)
You're right, I confused those two.
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