The Slovenia Times

"Jail the Bankers"


It is sad that Bine Korde┼ż, former CEO of hardware retailer Merkur, says he was forced by banks to borrow money to take over Merkur, which then went down. It is equally sad that the bankers claim that the holes in their banks are the result of political pressures.

But the latest disclosures of alleged fraudulent practices and cheating of banking system security show that these manoeuvres have nothing to do with safe banking standards. Even when politicians did not interfere, the practices were bad.

The daily also points its finger at faulty oversight, which it describes as blasting your best banker friend and your second best politician friend when they are reckless in handling other people's money in banks.

The paper goes on to say that it is not the politicians' job to do business, either for themselves or for their friends. In Slovenia, politicians did business for their friends, which is why they had to appoint corporate executives who helped them achieve that goal.

There are bosses of state-owned companies who are unable to take a single decision without asking politicians first. At the same time they are shouting how poorly they are paid for the responsibility they have.

There are executives who have not achieved a single goal but no one will replace them, as the pare-state keeps benefiting from them.

Slovenia is known for needing help for what it has; all because people are not doing their job, because they are doing harm, and because those who are doing harm are not in jail, but are rewarded, Finance concludes.


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