Posts tagged ‘amsterdam’

15 February, 2013

Amsterdam: Action at SNS bank. No subsidy for empty buildings

Monday, February 11, 2013

Friday February the 1st the SNS bank was nationalised. When we are continuously told that there is no money and that cuts to public services are necessary it turns out that there is still 3.7 billion euro left to save a bank and its extensive real estate portfolio. For years trees grew to the sky and no building project was too much for SNS. Now tax payers have to pay the bill for the loss of the real estate sector when we have seen none of the profits. Above all this, it is ridiculous that the new CEO will be “earning” more than a half million a year.

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