According to the Government vice president, the media moguls have been on the receiving end of loans upwards of 1bl euros which they were repaying the interest with... advertisement time. Two key members of the government make crucial revelations and estimations concerning the progress of the bill about the TV permits.
According to a legal precedent, media owners who go bankrupt are not allowed to get involved in new editorial projects in Greece. Therefore, due to the closure of newspapers of major Greek media groups with the bankruptcy process to be secure against creditors, none of the present oligarchs should get a TV license based on the new licensing legislation.
Greece occupies one position before the last in Europe and 91st worldwide in freedom of the Press in the annual Reporters without Borders rating. Greece has stepped up by 8 places since 2014 yet it is 54 places below the 2009 rating ,before its financial woes begun.
The brand "Singular Logic" has been linked to every election held in Greece during the last four decades. The well-known informatics company has established a powerful monopoly in transmitting the results of any electoral "duel" since 1981. Without biding in open contests for public contracts, without transparency, through seedy procedures that bring to mind the "national contractors" of public works.
Greek society is all too familiar with the triangular relationship between the State, the banks and the media. The media are owned by oligarchs who use them to support the political system, in exchange for government contracts. But there is more...