THE COMMIE apparatchiks running the Central Bank decided to call in the cops to investigate the leaking of the ‘sensitive’ information about the European Central Bank’s plan to stop offering emergency liquidity assistance to our banks.
Why did they take so long to report a leak to the AG that took place in November? Were they waiting for instructions from the AKEL Central Committee, or is this another farce like the sending of the private bailiff to the Lefkara house of the former Governor to collect the hard-drives of his laptop?
The commies are running the Central Bank as well as they have been running the country, their priority being scoring publicity points. And their man in charge, Professor Panicos, just goes along with their loony schemes, showing admirable obedience to AKEL despite the fact that in a month it would be out of the picture and not able to boss him around, at least not directly.
According to press reports, there had been an attempt to deal with the matter in an internal investigation at the Central Bank but it was unable to identify the super-grass. This may have been because Professor Panicos did not want to use the mean muscle-men that provide his personal security to carry out the questioning.
But if the internal investigator could not find a paper-trail or evidence on the Central Bank server what are the chances our clueless cops, who do not know how to turn on a computer, would crack the case? Leaving aside the politics of the decision, calling in the cops is like a second marriage, a triumph of hope over experience.
THE AKEL central committee is not really bothered whether the cops will find anything as all it is interested in is to create another conspiracy theory against the poor comrade and scoring electoral points.
They know the cops will find nothing because there was no leak of documents about the ECB’s plans to withdraw emergency liquidity assistance from our banks on January 21 if the memorandum had not been agreed by then. The information was reportedly contained in minutes of an ECB meeting which only the Governor’s office would have.
On Friday night, meanwhile, it was reported that the information was relayed from European sources to DISY deputy Averof Neophytou, who immediately asked for a meeting with Professor Panicos to establish whether it was correct. The Governor confirmed it and did the same at a subsequent meeting he had with the DISY Fuhrer.
So from where could the leak have happened? Are our cops going to go to Frankfurt as well to question members and officials of the ECB in order to solve the big mystery or are they going ask for Interpol’s assistance?
IN HIS written request to the AG for an investigation the comrade professor did not mention any names of officials he suspected. However, Politis reported yesterday that in his contact with the AG, Panicos pointed a finger at Central Bank senior director George Syrichas, whom the commies hate because he was the previous Governor’s closest associate.
As soon as Panicos took over the Central Committee of AKEL took all powers away from Syrichas and put him in charge of the Economic Research Department. And now the professor, as if to prove he is well-schooled in Stalinist methods, wants to pin the leaking of the non-existent document on the poor guy.
CHIEF of Police Michalis Papageorgiou did not rule out the possibility of calling in politicians for questioning. Apart from the chief suspect Averof, the Fuhrer, Nice Nik, could also be questioned as he was also privy to the information from the ECB which he used in his letter to comrade Tof.
In the letter, written before Tof the Terrible had voiced his agreement to the memorandum, Nik warned the comrade that he would be held personally responsible if he refused to agree terms with the troika and a collapse of the banking sector followed. He had called a news conference to reveal the letter’s contents but refrained from doing so because the comrade had signaled his agreement to the memorandum, earlier in the day.
The commies nevertheless have tried to present Nik’s commendable behaviour as an act of treachery, accusing him of siding with the troika against our great leader, in an effort to wear down Tof’s heroic resistance to the nasty neo-liberals of the troika and force him to accept the unfair terms of the memorandum.
This pathetic investigation is part of the same plan, the AKEL Stasi intent on portraying Nik, especially if he is questioned by the cops, as an enemy of the country and an agent of the troika ahead of the elections. Under the circumstances and aware that the country was being run by a clueless commie clown, leading it from one catastrophe to another, Nik did the only responsible thing in applying pressure and threatening to go public.
Had Nik ignored the ECB threat the comrade would not have agreed to the memorandum, sent the troika home and the when the banking sector collapsed he would have pleaded his customary ignorance. Nik ensured that Tof could not claim ‘nobody informed me of the danger of a banking collapse.’
For this alone Nik should be declared a national hero. And if the cops ever find the source of the alleged leak we should award him or her with the highest state honour for saving us from the commie plot to turn us into Albania.
MANY are wondering why Professor Panicos, an educated man and, theoretically, an independent state official, keeps playing the AKEL stooge, actively participating in the ridiculous commie schemes. AKEL would be history in a month, but he appears afraid to cut the umbilical cord from the Party which appointed him Governor.
His AKEL dependence has made enemies in Frankfurt, where he is seen as a loyal servant of a totally untrustworthy and disreputable government with a hidden agenda. Ethnarch Junior on Friday quoted a report of the ECB which said “the relevant authorities of the Cyprus Republic do not co-operate with us”, an obvious reference to the Governor.
He has been, however, co-operating very well with Pimco, which he hired, at three times the cost of rival firms to calculate the future capital needs of the banks. He agreed with Pimco’s arbitrary decision that the value of the collateral (real estate) the commercial banks had as security for loans would lose 60 per cent of its value by 2017, which helped raise the financial needs of the banks to very high levels, as per AKEL’s instructions.
Before the professor reports our establishment to the AG, we must inform him that the document containing the information was leaked to us by an Akelite.
OUR ESTABLISHMENT appears have been misinformed about the activities of Vassilis Rologis, a director of the Bank of Cyprus for more than 20 years. In last week’s Shop, we reported that Rologis was seeking the help of different people in order to remain director despite being asked to step down by the Governor of the Central Bank. We had also joked that Rologis would probably step down in five or 10 years.
We are informed by his lawyer that Rologis has every intention of stepping down as a B of C director before the next AGM of the bank in June and that he “never asked” for anybody’s help to keep his seat on the board. As regards the dinner he gave in honour of Professor Panicos in London, it was exclusively regarding banking business but Rologis still paid the bill out of his own pocket; he did not charge the bank as we had written.
That the bill was not charged to the bank was also confirmed by the secretary of the B of C board, Phivos Zomenis, who also took the trouble to send us a letter, setting the record straight. We apologise for the factual inaccuracies and for suggesting that Rologis was trying to keep his seat on the board for as long as possible when his intention was to hold on to it only until June.
THE RECTOR of the Cyprus University Constantinos Christofides ruffled a few Akelite feathers last Sunday when he spoke in an interview with Phil about the government’s continuous interference in the affairs of the university.
This prompted the AKEL-appointed chairman of the Council of the University Charis Charalambous to issue a statement implying that Christofides was talking nonsense (more crudely put, the rector was talking through his rectum). The university had excellent relations with the government, said the apparatchik, and were never in dispute as the minutes of the Council’s meetings indicated.
As if the minutes of the meetings would record the government’s diktats, like insisting that all the university’s money was deposited in the AKEL-controlled Limassol Co-op Bank, instead of a variety of banks as had been the practice.
The government had also cut funds for the construction of the university library, in what is seen as a vindictive act, as it wanted the contract awarded to the Miltiades Neophytou construction firm that is owned by Akelites. In spite of the desperate efforts of the apparatchiks on the University Council to award the contract to Neophytou, it was awarded to the firm which had made a lower bid, by €5.5 million.
THE FUHRER, on Friday, finally released a statement with his personal assets, which was eagerly-awaited by Akelites and now we know why. A few hours after the release of the figures which put his personal wealth at €2.3 million - this made him poorer than his rival candidate Yiorkos Lillikas whose assets are €4m – the miserable-looking AKEL spokesman Giorgos Loucaides said Nik was lying as he had not revealed all his wealth.
Of the three main candidates two are millionaires, a point that AKEL and its impoverished indebted candidate Malas will try to capitalise on in the elections. No doubt they will tell us that a man of poor means would make a better president, and cite Tof the Terrible as conclusive proof of this theory.
LILLIKAS, who tries to be all things to all people, has found a way of appealing to left wing voters. He might be a millionaire now but he never tires of informing us that he was brought up in abject poverty in his Paphos village and acquired everything through hard work.
As he said in an interview with Phil last Sunday, “I cannot feel ashamed because I succeeded professionally.” It was obvious that he did not feel ashamed from the photograph of him on the front page of the newspaper.
On seeing the picture I thought he had been photographed in the Palace of Versailles, but forgot to wear one of those wigs worn by the Bourbon kings. Reading the caption, it became apparent this was his palatial home. He stood next to a gold, ornately carved, Louis XIV table, above which was a gold, ornately carved mirror, in front of which was a small statue; above his head was a gold, ornately-carved, twin candle-holder with lamps.
If you’ve got it flaunt it, as they say. Self-made millionaires cannot resist the temptation to advertise their riches. I have nothing against new money and as the great Groucho said, better nouveau than never.
OUTSPOKEN tree-hugger Giorgos Perdikis came up with a novel idea for dealing with the allegations of money-laundering against Kyproulla by the Germans. The Germans were welcome to come here to investigate whether money-laundering was taking place, but on one condition: “A special committee would leave Cyprus, on a direct flight to Berlin, and go to Deutsche Bank” to investigate if it was involved in money laundering.
THIS was not the only idiocy we heard in the last week. DIKO attacked the Lillikas camp for being involved in an unrelenting campaign to steal its voters. Surely this is the point of any election – stealing as many voters from the rival candidates/parties that you can. The question is why has DIKO not reported the voter-thieves to the police?
Who is professor Panicos pointing the finger at?