The buy-back by the company J.P. Morgan of a Greek Government structured bond worth 280 million euros from the pension funds TEADY, TSEYP, TEAYFE and TEAPOKA, and the repayment by the company of accumulated interest during the second quarter and taxpayers' money for the first quarter, show how great a responsibility this American bank bears for the management of pension fund reserves. The fact that financial bodies admit to pillaging pension fund reserves shows the risk that such funds are exposed to, when they are placed in private hands and vulnerable to exploitation.

What does the Commission think of the procedure involving the buying and selling of structured bonds of the Greek State, which have ended up in their entirety in pension funds via manifestly illegal procedures? To what extent does it think the American bank is responsible and what can be done to ensure that pension fund reserves do not fall prey to the profit-seeking of monopolistic financial institutions, but are used instead for the benefit of workers?