Greece Hospitals and Universities bank accounts confiscated by Greece Government

[lovuian]

http://translate.google.com/translate?hl=en&sl=el&tl=en&u=http%3A%2F%2Fwww.ygeianews.gr%2Fsection%2Fugeia-politiki%2Fcontent%2Fexafanisan-ta-xrimata-ton-nosokomeion-gia-listeia-kanoun-logo-oi-giat

this is translated from Greek

Commanders were astonished many hospitals, university rectors and other organizations responsible government when found to have disappeared in 70% of the money interest-bearing accounts maintained with the Bank of Greece. These accounts had nothing to do with bonds, interest bearing bank accounts was who "entered" grants and "coming out" drawings for the costs of organizations.

As it became known by clinicians "the day" closed "the PSI and probably a little before midnight, government and governor of the Bank of Greece purchased by holders of bonds with this money, without asking the depositors of the Treasury accounts!

The "bondholders" are thus spared the haircut, while robbed hundreds of million from hospitals, universities and other organizations needed to completely maintain the basic function. "

[saras]

1. It sounds bad, but it's an AWFUL translation. I wonder what actually happened?

[lovuian]

2. I know it is difficult to understand the greek translation

from what I can find out is 70 % of a hospital major utility and university
bank account funds were used to pay bondholders

without their consent

it total was 1.4 Billion Euros

[xchrom]

3. +1