February 11, 2009
The Greeks paid the country’s debt bill at least twice. Everyone knew beforehand everything except the Greek taxpayers. The banking liabilities of Greek households were sold abroad in tax havens, for a long time and without their knowledge.
Secret Document LUX GR Bank loans sale secret
11 February 2009
LuxCo invested into four different Greek portfolios: (i) Unsecured consumer loans (Eurobank) having a face value of approximately EUR 368m and acquisition price of approximately EUR l 4.3m; (ii) Residential mortgages (National Bank of Greece) having face value of approximately EUR 4lm and acquisition price of approximately EUR 14.9m, (iii) Unsecured consumer loans II (Alpha Bank) with a face value of approximately EUR 92m and purchase price of EUR 4.6m; and, (iv) Unsecured consumer loans III (Eurobank II) having a face value of approximately EUR 232m and acquisition price of approximately EUR l3.4m. 4 The transaction with the National Bank of Greece regarding residential mortgages is in the process of winding up.