Offshores make for strange political bedfellows


At least that’s the case in economically ravaged Greece, where a strange coalition of political parties coalesced to pass a bill opposed by the neoconservatives of New Democracy, the party currently trending highest in political polling.

The measure was proposed because of revelations that quite a few wealthy Greeks were named in those Panama Leaks papers.

One of those named was a key member of the staff of former New Democracy Prime Antonis Samaras, which may explain one of the reasons behind that party’s stance on the measure

From Greek Reporter:

Greek Parliament held a vote on the amendment to a recently passed omnibus bill that allowed politicians to own shares in firms based abroad. The blanket ban on any form of ownership by MPs in offshore companies was passed with 190 votes in favor on Wednesday.

The Greek ruling Radical Left Coalition (SYRIZA) party and its junior coalition partner, right-wing Independent Greeks (ANEL), voted in favor of the amendment. Others who voted in favor of the law were the leftist Democratic Coalition, centrist Potami, the Communist Party of Greece (KKE) and the ultranationalist Golden Dawn (GD) parties. The seven deputies of the Union of Centrists abstained from the vote, whereas the MPs of the main opposition conservative New Democracy (ND) walked out of the debate.

Following the walkout , 197 MPs voted for the amendment following heated debate.

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