Banks must stop provoking people’s feelings

 

Statement of Georgos Loucaides, AKEL C.C. Spokesperson

AKEL C.C. Press Office, 6th February 2015, Nicosia

 

The content, but also the manner in which the views of John Hourican, Chief Executive Officer (CEO) of the Bank of Cyprus, on the issue of the legislative framework concerning foreclosures were disclosed through a leak represents a communication trick which provokes people’s feelings.

Mr. Hourican, and banks in general needed to be more careful before criticising the attitude of the political parties not only because the banks are solely responsible for the collapse of the economy and our people’s ongoing ordeal, but because throughout the issue of foreclosures, Mr Hourican seems to deliberately forget and completely ignore that while the banks proclaim publicly that their goal is not to target small borrowers, they continue to disagree with any initiatives we undertook to protect the same small borrowers

The banks must therefore stop provoking and end the attempt to further socialize their losses, this time at the expense of small borrowers that have been severely affected by the banking crisis.