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Vima: PASOK, New Democracy owe over EUR 130 mln to Greek banks
20 December 2009 | 22:14 | FOCUS News Agency
Athens. The ruling Greek socialist party PASOK and the oppositional conservative part New Democracy have big debt to banks and are absolutely dependant on state subsidies, Greek Vima newspaper writes. Their debt amount to more than EUR 130 mln and they have received state advance payment at least until 2016, a publication reads, cited by Makfax. It is envisaged next year the two biggest political parties in Greece to get money depending on their results at the early general elections in October. The act of 2010 forbids parties to be sponsored by companies and their only resource of funds is the state subsidies and membership payment. However, the two parties have taken bank loans as well and their debt exceeded over the expected revenues.