| The overlooked past of the ‘next PM of Greece’
«Το παρελθόν του "μελλοντικού πρωθυπουργού της Ελλάδας" που παραβλέπουν»
The current leader of the Greek opposition, New Democracy
party leader Kyriakos Mitsotakis, is odds-on favourite to become the
next Greek prime minister. Both German and US media have dubbed him a
“star of the people” offering Greece “a glimmer of hope”. A sworn
reformist, he slams nepotism and corruption. And yet that international
praise ignores hard facts – such as the inclusion of his spouse in the
Paradise Papers or his personal involvement in the biggest corruption
scandal of the last 30 years in Greece.
This is the extended version of a story first published with the EUObserver, one of Investigate Europe’s media partners.
Since Kyriakos Mitsotakis, 49, was elected to the helm of the conservative New Democracy in 2016, he has been consistently lauded by the overwhelming majority of the international press, especially in the US and Germany: the Wall Street Journal saw in him “a glimmer of hope”for Greece. For Die Welt, he is the “new star of the people”.
In the polls, his centre-right party is ahead of Syriza, the leftwing ruling party led by prime minister Alexis Tsipras, by five to twelve points. That in itself is little surprise: Tsipras was elected on an anti-austerity ticket and yet, despite the occasional sweetener, has been implementing an extreme austerity programme. The old Tsipras became highly popular by scolding Greece’s international creditors; the new Tsipras has become the creditors’ darling only to see his popularity plunge.)
Mareva in paradise
Meanwhile, the Paradise Papers, an investigation by the International Consortium of Investigative Journalists (ICIJ) into the offshore world, have tarnished the reputation of politicians, sports idols and royals all around the globe.
But Greece, omnipresent in the news cycle when it is about corruption, has strangely avoided even the slightest media attention. Undeservingly so. Because in the latest round of leaks, one name stood out: Mareva Grabowski-Mitsotakis, the wife of Mitsotakis.
According to the report by Harry Karanikas and Thanassis Troboukis, published in daily Ethnos (ICIJ’s media partner in Greece), Grabowski-Mitsotakis is one of 130 Greeks whose name shows up in the Paradise Papers.
Grabowski-Mitsotakis owned 50 percent of Eternia Capital Management, an offshore company based in the Cayman Islands which managed a fund in the British Virgin Islands.
In a long statement, Grabowski-Mitsotakis dismissed allegations of suspicious transactions, stressing, according to daily Kathimerini, that she “had little to do with the administrative aspect of the fund and was not aware of the specific legislation that applies in the Cayman Islands”, noting that a legal firm handled those issues.
The existence of the Cayman-based company and its potential ties to Grabowski were first revealed several months before the Paradise Papers by investigative journalist Kostas Vaxevanis (story in Greek) without however evidence of Grabowski’s direct ownership. Grabowski back then had threatened to suit for libel.
The party New Democracy dismissed the story as irrelevant. It argued that Mitsotakis and his wife were separated at the time (before reuniting a few years later), therefore Mitsotakis had no legal obligation to declare his spouse’s financial interests.[...........]
This is the extended version of a story first published with the EUObserver, one of Investigate Europe’s media partners.
Since Kyriakos Mitsotakis, 49, was elected to the helm of the conservative New Democracy in 2016, he has been consistently lauded by the overwhelming majority of the international press, especially in the US and Germany: the Wall Street Journal saw in him “a glimmer of hope”for Greece. For Die Welt, he is the “new star of the people”.
In the polls, his centre-right party is ahead of Syriza, the leftwing ruling party led by prime minister Alexis Tsipras, by five to twelve points. That in itself is little surprise: Tsipras was elected on an anti-austerity ticket and yet, despite the occasional sweetener, has been implementing an extreme austerity programme. The old Tsipras became highly popular by scolding Greece’s international creditors; the new Tsipras has become the creditors’ darling only to see his popularity plunge.)
Mareva in paradise
Meanwhile, the Paradise Papers, an investigation by the International Consortium of Investigative Journalists (ICIJ) into the offshore world, have tarnished the reputation of politicians, sports idols and royals all around the globe.
But Greece, omnipresent in the news cycle when it is about corruption, has strangely avoided even the slightest media attention. Undeservingly so. Because in the latest round of leaks, one name stood out: Mareva Grabowski-Mitsotakis, the wife of Mitsotakis.
According to the report by Harry Karanikas and Thanassis Troboukis, published in daily Ethnos (ICIJ’s media partner in Greece), Grabowski-Mitsotakis is one of 130 Greeks whose name shows up in the Paradise Papers.
Grabowski-Mitsotakis owned 50 percent of Eternia Capital Management, an offshore company based in the Cayman Islands which managed a fund in the British Virgin Islands.
In a long statement, Grabowski-Mitsotakis dismissed allegations of suspicious transactions, stressing, according to daily Kathimerini, that she “had little to do with the administrative aspect of the fund and was not aware of the specific legislation that applies in the Cayman Islands”, noting that a legal firm handled those issues.
The existence of the Cayman-based company and its potential ties to Grabowski were first revealed several months before the Paradise Papers by investigative journalist Kostas Vaxevanis (story in Greek) without however evidence of Grabowski’s direct ownership. Grabowski back then had threatened to suit for libel.
The party New Democracy dismissed the story as irrelevant. It argued that Mitsotakis and his wife were separated at the time (before reuniting a few years later), therefore Mitsotakis had no legal obligation to declare his spouse’s financial interests.[...........]
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