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> European put massive amounts of money into Greece that were not used to prop up the economy, but to bail out investments by German and French banks. So, basic
by mtrovo 8y ago
> European put massive amounts of money into Greece that were not used to prop up the economy, but to bail out investments by German and French banks. So, basically a transfer from the European tax payer to some banks.
Could you elaborate a little bit more? I never heard about it before.
- kome 8y agohttps://www.esmt.org/pub/where-did-greek-bailout-money-go https://www.esmt.org/pub/where-did-greek-bailout-money-go > Could you elaborate a little bit more? I never heard about it before. Where are you from?
- toyg 8y agoNo need to be snarky. Most media reporting on that crisis was histerical rhetoric about "lazy Greeks who won't pay their debts" -- a narrative enabled by North-European politicians like Schäuble and Dijsselbloem to cover their actions. A lot of well-meaning people fell into that propaganda trap.
- kome 8y agoI wasn't snarky...
- FabHK 8y agoAnother good source, if you want a necessarily subjective, but I think sincere inside view, is the tell-it-all by famed former Greek finance minister Yanis Varoufakis Adults in the Room: My Battle With Europe’s Deep Establishment. It's a bit technical occasionally, but really riveting and full of drama (unfortunately not fictional).