Bill on political party finances

Interior and e-Governance minister Yiannis Ragoussis announced on Thursday that the legal framework regulating political party finances will be changed, aiming at the country’s exit from the “multiple crisis” and the “reform of the state and the political system, with a blow against black money and halting the tendency of disdain of politics and politicians by the citizens”.

Radical improvement of the control of the finances of the parties and MPs, more rigid administrative sanctions, change of the system of checking the ‘source of wealth’, reduction of the size of the regular and electoral state funding of political parties, proper and transparent economic management for all the revenues and expenditures of the parties, and obligatory uploading of these on the parties’ websites, are only a few of the interventions that are expected to bring deep-rooted changes to the way in which the parties are funded, Ragoussis told reporters.