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Finance Minister, MPs to finalize overhaul of party funding laws

Δημοσίευση 23 Ιουλίου 2014, 15:01 / Ανανεώθηκε 23 Ιουλίου 2014, 14:03
Finance Minister, MPs to finalize overhaul of party funding laws
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Finance Minister Gikas Hardouvelis is on Wednesday to meet coalition MPs in a bid to finalize an overhaul of regulations governing the funding of political parties, one of five prior actions tied to continued rescue loans.

Finance Minister Gikas Hardouvelis is on Wednesday to meet coalition MPs in a bid to finalize an overhaul of regulations governing the funding of political parties, one of five prior actions tied to continued rescue loans.

A set of proposals – drafted by Ioannis Tentes, the country’s anti-corruption coordinator – foresees several key changes.

They are: the creation of a five-member panel to monitor the finances of parties as well as the declaration of source of assets (“pothen esches”) forms submitted by politicians; the halving of state funding to parties and the reduction of election funding; the introduction of a stricter system for governing parties’ bank accounts, which will have to be based in Greece; and the creation of an electronic system for checking politicians’ assets.