The Parthenon freeze

- Nick Dunbar
- 01 Jul 2007

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On 14 November 2006, the Greek public supplementary pension fund, Teapoka, received a letter proposing an unusual investment. The offer, also made to three other Greek pension funds, set off a chain of events culminating in a criminal investigation, as well as a storm of firings and recriminations at the highest reaches of the Greek government and London-based financial institutions.

Teapoka is typical of what the Paris-based Organisation for Economic Co-operation and Development (OECD) has

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