The spokesperson of the Greek Left Alliance (ELAS), Theoni Koufonikolakou, launched a fresh attack against New Democracy and PASOK, targeting the two parties’ mounting debts to Greek banks. In a social media post, Koufonikolakou claimed that the two parties’ combined liabilities have reached €1.16 billion, with the bulk of that figure consisting of loan obligations to banking institutions.
“You cannot serve the citizens when you owe your political survival to the banks,” she wrote pointedly, also turning her fire on the banks themselves, accusing them of operating by a double standard — pursuing ordinary borrowers through foreclosures and auctions while extending leniency to indebted political parties.
Read also: Theoni Koufonikolakou on Parapolitika 90.1: “No post-election cooperation is being considered — our absolute goal is to rely on our own strength”
Koufonikolakou’s full post
In her post, Theoni Koufonikolakou wrote: “New Democracy and PASOK’s debts have surged again in 2025, reaching a combined total of €1.16 billion, with most of those liabilities owed to the banks. The debts of ND and PASOK stand at €1.16bn — and most of them are to the banks.
Clearly, the banks operate differently when it comes to vulnerable borrowers compared to how they treat indebted political parties. For the parties, there are no asset seizures, no auctions.
And that means you cannot serve the citizens when you owe your political survival to the banks.”
PASOK fires back
The ELAS spokesperson’s post about the parties’ bank debts came just hours after PASOK launched its own fierce attack against Alexis Tsipras, accusing him of running a “privately owned party” funded by what it described as “unspecified sources.”
PASOK also stressed that its debts are restructured and are being repaid regularly from the state funding the party receives, adding that “since 2010, it has not taken out a single euro in loans from any source.”
PASOK further escalated tensions by revisiting issues dating back to Tsipras’s time leading SYRIZA, accusing him of presiding over the bankruptcy of the party’s media outlets and demanding answers regarding the “double bookkeeping” previously alleged by former SYRIZA leader Stefanos Kasselakis.
In a further escalation, PASOK called on Alexis Tsipras to publicly disclose who is financing his new party, shifting the debate from the historic bank debts of established parties to the current financial operations of the Greek Left Alliance.
