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November 2, 2012

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Greek scribe calls bank-list case political revenge

A journalist on trial for publishing the names of more than 2,000 wealthy Greeks with Swiss bank accounts described the case yesterday as vengeful and politically motivated.

Costas Vaxevanis faces up to two years in jail if convicted of breaking data privacy laws. The case has touched a nerve in near-bankrupt Greece, where rampant tax evasion is undermining a struggle to cut public costs and raise revenue under a European Union/International Monetary Fund bailout deal.

His speedy arrest and trial following publication at the weekend has enraged many in Greece, already furious over consecutive governments' failure to crack down on a rich elite while years of recession have wiped out a fifth of economic output and hammered middle-class living standards.

Vaxevanis, editor of the "Hot Doc" weekly, was surrounded by fellow journalists and other supporters who packed the Athens courtroom as his lawyers began their defense.

They argued the prosecution had charged him without any of those on the list having filed a complaint about privacy violation, a rare occurrence in a freedom of speech or defamation case in Greece.

Vaxevanis called the trial "targeted and vengeful."

"There isn't the slightest bit of evidence to support the charges," he said during a recess.

"Obviously there are political motives. You see most of the names on the list are friends of the political system."

He has said an anonymous source gave him the so-called "Lagarde list", which IMF head Christine Lagarde handed to authorities in several EU countries in 2010 when she was French finance minister.

Another newspaper, daily Ta Nea, devoted 10 pages to publishing the 2,059 names, which include several politicians as well as many businessmen, doctors, lawyers and housewives.

It said the accounts had held about 2 billion euros (US$2.59 billion) until 2007, but also made clear that there was no evidence any of them had broken tax evasion laws.

Prime Minister Antonis Samaras's government has not commented on the accuracy of the list, which Greek officials say was stolen by a former employee of HSBC bank.

According to an EU report published last year, Greece has about 60 billion euros in unpaid taxes, an amount equal to roughly a quarter of its economy and almost a sixth of its debt.




 

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