Prudential Supervision Bill Approved By Economic Committee In Parliament

Prudential Supervision Bill Approved By Economic Committee In Parliament

After a discussion at the Permanent Economic Affairs Committee of Parliament , a bill on the prudential supervision of financial institutions was approved, ANA MPA reported. The Communist Party of Greece (KKE) and Independent Greeks (Anexartiti Ellines) party voted against it, while far-Right Golden Dawn (Chryssi Avgi) party abstained altogether from voting. The main opposition party Radical Left Coalition SYRIZA claimed that the time available to examine it thoroughly was limited and reserved its right to express its view when it comes to the parliament plenum. SYRIZA also believes that the European directive on prudential supervision and the bill incorporating it into Greek law are not sufficient to avert speculation, which the main opposition party sees as the main cause of the recent banking crisis.

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