BlackRock is an international auditing firm that was hired as a consultant for the reconstruction of the banking system when Giorgos Provopoulos was at the Bank of Greece.
According to BlackRock’s findings, a recapitalization was necessary in order to safeguard the Greek banks from any future dangers.
The international auditing firm dealt with Greek affairs extensively and even took a side on the Greek market.
Now, the new Governor of the Bank of Greece Mr. Yannis Stournaras has chosen BlackRock once again as his consultant for dealing with the so-called “red” loans, which are related to the aforementioned recapitalization.
However, almost as soon as the “good” international auditing firm was hired, it published a quarterly report that shows Greece as the most likely country in the world to go bankrupt!
We do not know whether Mr. Stournaras was aware of the report and rushed to reassure the international auditing firm or whether he ignored its estimations and simply hired them because they are the best in the world!
In any case, something is going on with BlackRock.
It cannot be hired by the central Bank as the main consultant for the “red loans”, when it is aware of everything that happened from first-hand experience, and then tell the world that Greece is the primary candidate for bankruptcy.
In this respect, those in charge and Mr. Stournaras specifically have some explaining to do.
So what is going on with BlackRock Mr. Stournaras?
Antonis Karakousis
