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> Economy

Small bondholders hang pig outside the Finance Ministry (photos+videos)

Small bondholders who saw their lifesavings disappear overnight hung a pig outside the Greek Ministry of Finance as a form of protest

Newsroom October 31 11:55

A delegation of holders of small bonds protested outside the Greek Finance Ministry on Nikis Street. The holders hung a pig as a form of protest while a small delegation met with Finance Ministry Secretary General Tasos Anastatos. The small bondholders hope that part of the savings they lost will be returned to them through a PSI (Private Sector Involvement) deal.

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Similar protest action is taking place outside the Bank of Greece at Thessaloniki with a rally leading from the bank to the Ministry of Macedonia-Thrace. A relevant announcement by bondsholders states that this is the third anniversary since the government in collaboration with the banks “stole” their life-savings that disappeared in a haircut that saw bonds lose 75% of their value in March 2012. Prime Minister Antonis Samaras had pledged to compensate the small bondholders prior to the 2012 elections but had failed to do so.

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Apart from Athens and Thessaloniki, bondholders are protesting at other regions around Greece with complaints being submitted to local leaders.

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