Greece’s former finance minister should be prosecuted, lawmakers say

Draft G20 finance ministers communique

The list of those with accounts at a Geneva branch of HSBC is known as the “Lagarde list,” because it was given by Christine Lagarde, then France’s finance minister, to her Greek counterpart in August 2010. However, its existence was not revealed until September 2012. Information that the list had been misplaced, copied and altered so as to exclude certain names then started coming to light, causing a major uproar. The three charges against Papaconstantinou are breach of trust, doctoring an official document and dereliction of duty.

Former socialist Finance minister George Papaconstantinou at the Greek Parliament in Athens on January 17, 2013.

3. To address these challenges and to place the global economy on a path to stronger, more sustainable and more balanced growth, we are building on our recent policy actions by developing a comprehensive St. Petersburg Action Plan. We agreed that the first priority of the Action Plan is to address the near term challenges, including the need to boost jobs and growth, by continuing to reduce financial market fragmentation, accelerating banking reforms in Europe, continuing monetary support where appropriate, calibrating the pace of fiscal consolidation to demand conditions where conditions allow and provided concerns about medium-term fiscal sustainability are addressed, and allowing exchange rates to adjust to fundamentals.

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