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...
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.
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.