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European Journal

Greece: The governing parties help themselves

The two major Greek parties, PASOK and Néa Dimokratía, are no role models for the country's citizens. Private households are expected to save money while the parties go deep into debt. Staff report unpaid wages, layoffs and rental arrears.

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What many Greeks find especially annoying is that, as collateral for generous bank loans, the parties have put up their state funding for the coming elections. There are also said to be irregularities in the granting of loans, especially by banks that are strongly influenced or controlled by the parties. The governing parties now want to grant all bank managers who extend loans to the parties immunity from prosecution.