PASOK–ND: Regarding the two parties’ debts to the banks, which have now well exceeded 1 billion euros, we counted… nine times that Euro2day.gr has covered the issue over the past two and a half years, frequently noting that someone must finally pull the… plug.
Adonis Georgiadis was the one who finally did so (politically), stating quite simply what anyone with even the most basic understanding of economics has known for years: that“the emperor hasnoclothes”and these debts will never be paid.
He may have undermined his point later by saying something paradoxical—that the debts were paid off by the banks through recapitalizations, as if they were government bonds—an argument often made by holders of non-performing loans, though to no avail for their… homes and businesses.
He did, however, speak the truth that neither bankers nor the parties’ balance sheets admit, as the“extend and pretend”logic prevails there. The banks charge interest and penalties, pretending they’ll get paid, while the parties record them on their balance sheets as if they’ll pay them.
This is not going to happen, even if they were to give away the entire state subsidy they receive, plus the… leftover revenue, while they have no assets.
A timeline showing how New Democracy’s debts have risen since 2015 says it all:
2015: 198.3 million · 2016 : 225.3 million · 2017: 250.6 million · 2018: 278.9 million · 2019: 308.7 million · 2020: 343.0 million · 2021: ~381 million · 2022: ~425 million · 2023: 475.4 million · 2024: 531 million
In short, over the ten years from 2015 to 2024, New Democracy’s debt rose from less than 200 million euros to 531 million—and in 2025, another fifty million or so were apparently added!
PASOK–New Democracy II: All of this, of course, is charged and credited to an open display of hypocrisy, in which the bankers also participate—similar to the one that causes the government of the day to present massive debts of citizens and businesses (nearly 114 billion euros) to the state.
Although a large portion of this amount will never be collected, as it stems from closed and bankrupt businesses or individuals without corresponding assets.
Returning to party loans, however, it is clear that no “settlement” exists (as certain New Democracy politicians occasionally claim) that aligns with banking practices, and this phenomenon is unique in international history.
We searched but found no other such case. When political parties go bankrupt, they shut down and new ones are established in their place.
It is a fact that Greek law does not directly provide for bankruptcy for non-profit organizations, just as 40% of state aid is exempt from seizure by law.
This absurd situation, however, which persists by inflaming public sentiment (especially among those with non-performing loans—and there are many), providing ammunition for political attacks and fueling party-bank ties, does no credit to either the banks or the government.
Now that Adonis has spoken the truth, for all to hear, perhaps a solution should be found? Some (in the government) will say that the timing isn’t right. But we’ve seen them when the timing was better, and they did absolutely nothing.
VOULEPSI: The New Democracy MP sought to respond to former Prime Minister Kostas Karamanlis regarding his criticism of the government concerning Turkish provocations and wiretapping.
“Since it was happening during his time in office too, what is he complaining about now?” said—more or less—the New Democracy MP (on ERT News Radio), at a time when the Karamanlis–Samaras duo is perhaps causing the greatest damage to New Democracy, more so than the opposition parties.
“Under Karamanlis, we had countless violations and constant clashes, and no calm waters at all, which we—and he—were trying to keep in balance… Now, with the wiretaps—don’t tell me we’re not goldfish, we haven’t had our brains lobotomized.
Weren’t there wiretaps under Karamanlis? Didn’t Tsalikidis commit suicide? Didn’t we hold investigations? … You can’t launch an attack with rhetoric, and you can’t play the Turk-hater and defender of the rule of law when you step down from your seat and suddenly forget what was happening during your time in office,” emphasized the outspoken Sofia.
Confirming the rift between the current and previous leaderships of the ruling party, just a few months before the elections.
TAGARAS: It can only be seen as a tragic irony that this week the important bill regarding the ratification of the Spatial Planning and Urban Development Code, drafted by Nikos Tagaras, is scheduled to be debated in Parliament.
The Deputy Minister of the Environment passed away on Friday night from cancer at the age of 70. The news of his death caused great sadness within the government—and beyond, as no one has a bad word to say about him, one of the longest-serving ministers who worked quietly and effectively in the roles assigned to him.
The completion of the country’s Spatial and Urban Planning was a life’s work for the politician, and unfortunately, he did not live to see it completed.
His funeral will be held tomorrow, Wednesday, in Corinth.
KARISTIAOU: Maria Karistianou had lunch on Sunday afternoon with her close associates at a restaurant in central Athens, specifically on Mitropoleos Street.
By her side, among others, were lawyer Maria Gratsia, former minister Nikos Galanos, and journalist Thanasis Avgerinos.
As has been reported, the results from the first polls following the announcement of Hope for Democracy are encouraging, as the new initiative has been met with a satisfactory level of acceptance by the public.
Maria of Tempi has chosen to reveal the faces that will staff her party in... installments, and her government program will be presented in the same manner.
“If we were in a civilized country where politics were conducted properly and this cannibalism didn’t exist, you’d see things much faster,” she emphasized (on Mega), where she sharply criticized Kyriakos Mitsotakis and Alexis Tsipras, reiterated in her rhetoric that she would not cooperate with any establishment party, and set self-sufficiency as her goal.
At the same time, she once again dismissed accusations that her party is pro-Russian: “Okay, those were jokes; I never would have imagined that anyone would come up with something so far-fetched, but it was extremely dangerous, and a lawsuit was even filed against the person who first presented them publicly, ” she said, referring—without naming him—to communications expert Nikos Karachalios.
LATINOPOULOU: Speaking of Maria Karystianou, moreover, Afroditi Latinopoulou took the opportunity to attack two of her opponents, the leaders of Greek Solution and the Freedom Course:
“This time last year, Velopoulos and Konstantopoulou were hailing Ms. Karystianou as the ‘holy mother of Tempi’ and jumping at every word she said. Today, those same camps are letting their trolls hurl insults at her.
Their hypocrisy knows no bounds. Mrs. Karistianou hasn’t changed; it’s their political interests that have shifted. “It’s a shame for the narrow-minded who believed their hypocrisy and lies last year, and kudos to those intelligent enough to realize that those who were running after Ms. Karistianou’s skirts this time last year were simply vulgar hypocrites,” the MEP and president of Voice of Reason noted in a post.
Kyriakos Velopoulos’s indirect response came a little later:
“No matter what the ‘system’ and the Maximos Mansion do with their so-called new party leaders (their own creation) to halt the patriotic, social, and popular front that has united with the Greek Solution, the answer—the solution—will be given at the polls by the Greek people, and it will be nothing but the Greek Solution.”
And the exchange of fire in the… smaller apartments of the right-wing high-rise continues.
ALPHA FINANCE: The cross-border merger of Alpha Finance and Cyprus-based Axia Ventures is expected to be completed in the final months of the year, with the latter being absorbed by the former.
Given that the latter is a wholly-owned subsidiary of Alpha Finance, no new shares will be issued. Additionally, there is no requirement for independent experts to perform a valuation of the assets and liabilities of the absorbed entity.
Upon completion of the cross-border merger, the name of Alpha Finance will be changed to Axia Ventures S.A., while the trade name Alpha Finance S.A. will be retained for the provision of brokerage services.
The new trade name Axia Member of the Alpha Bank Group will be used for the provision of advisory and investment banking services.
Axia’s 33 employees (1 in Cyprus and 32 in Athens) will be transferred to the acquiring company, with all rights and obligations arising from their contracts.
ALPHA FINANCE II: The merger aims to create a single entity providing brokerage services and investment banking.
The new company seeks to offer comprehensive, high-value-added services in the areas of advisory services, mergers and acquisitions, capital markets, and, of course, brokerage.
As of April 30, 2026, Axia Ventures reported revenue of €16.45 million, operating profit of €5.3 million, and pre-tax profit of €4.28 million. All operations are conducted through Axia Ventures’ branch in Greece.
QUEST: The adoption of a 24-month share buyback program, up to 10% of the share capital (note: taking into account the existing treasury stock), with a maximum purchase price of €20 and a minimum of €0.50, which Quest shareholders are asked to approve.
In addition, the Board of Directors recommends extending the long-term variable compensation program for this year as well. Under this program and based on 2025 performance, it is proposed to authorize the free distribution of up to 154,215 treasury shares to executive members of the Board of Directors (excluding the chairman) as well as to managing directors of subsidiary companies.
The shares will be granted free of charge in the first half of 2028, provided that the program’s target for the 2025–27 period is achieved.
It is noted that the executive members of the Board of Directors (excluding Theodoros Fessas) and the managing directors of subsidiaries received cash bonuses for their performance in fiscal year 2025.
QUEST II: The shareholders’ meeting is expected to approve the payment of a dividend of €0.40 per share from the 2025 fiscal year profits, with a proposed ex-dividend date of June 12 and a record date of June 15.
Over the five-year period 2021–2025, Quest has distributed a total of €148 million in the form of dividends and capital returns. This amount is likely to increase significantly in the near future if the rumored sale of UniSystems closes and GLS exercises its option to purchase 80% of ACS on October 30.
MOTOR OIL: The listed company’s buyback from last year remained inactive, as it had set a maximum purchase price of 34 euros. Since the beginning of this year, the share price has traded above €34 in approximately 80% of trading sessions. On Friday, the stock closed at €36.98.
Given the above conditions, it is proposed to terminate last year’s program early and adopt a new one with a maximum purchase price of 45 euros and a minimum of 15 euros.
The maximum number of shares to be repurchased is 5,000,000. The shares acquired will be allocated to employee and senior executive incentive programs, while the remaining shares may be sold.