Regional governors angered over seizure of reserves and NSRF funds

The regional governors in Greece are reportedly angered by the government’s decision to “collect” their cash reserves and…

The regional governors in Greece are reportedly angered by the government’s decision to “collect” their cash reserves and transfer them to an account in the Bank of Greece, with many claiming that this will cause delays in payments. As such, the union of district governors has called a meeting in order to discuss how they may react.

The district governor of Thessaly Kostas Agorastos told Radio Ena 102.5 that “what is going on is unprecedented and endangers growth in the country”, while stressing that many of the funds which were taken was reserved for NSRF-funded works. Mr. Agorastos complained that major payment delays would come as a result.

Additionally, Mr. Agorastos argued that the government’s decision essentially devalues regional district authorities, while further entrenching the belief that the government is in complete control of all funding.

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