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Athens-Thessaloniki: Angry Bond-Holders Threw Eggs at BoG Due to PSI
Chanting “Shame” and “Thieves” angry holders of Greek bonds threw eggs at the Bank of Greece and General Accounting Office in Athens and Thessaloniki. Several dozens of middle-aged protesters raised their voice and express their anger about the Greek bond swap (PSI) that swallowed the savingss of a whole life. At least 15,000 of small bond-holders saw their investment losing 53% of its value in the enforced ‘haircut’ of March 2012.
“We trusted the state but it took our money” said one protester. “It was the savings of my father, my mother and my mother-in-law” said another.
Protesters stressed, they felt they have been cheated by the state.
Six months after the PSI and despite the fact that they have contacted the politicians, the protesters claimed that the authorities were asking the bond holders to find solution to the problem.
15,000 people have invested a total of two billion euro in Greek bonds.
Similar protests were held in Patras and Irakleio, Crete.
In winter 201o, a friend of mine bought Greek bonds worth 20,000 euro. She had followed a government call on citizens to invest in Greek bonds, even though the option of PSI and the ‘haircut’ must had been seen as “inevitable” by the political and finance leadership of this country. My friend gets incredible angry, every time she sees former Greek finance ministers on television.
See protest video here
2012-11-02 02:43:21
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