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Problem is the Greek bailout was actually a bailout of the German and French banks who lent Greece money. The EU sacrificed Greece to save their own skins htt
by youngtaff 12y ago
Problem is the Greek bailout was actually a bailout of the German and French banks who lent Greece money.
The EU sacrificed Greece to save their own skins
https://www.opendemocracy.net/can-europe-make-it/thomas-fazi/troika-saved-banks-and-creditors-%E2%80%93-not-greece https://www.opendemocracy.net/can-europe-make-it/thomas-fazi...
- taliesinb 12y agoVery few people seem to understand this perverse dimension to it. I even saw one mainstream newspaper use the phrase "economic aid" when referring to the loans given to Greece to service their existing debt! much the same perversion as the 2008 bailouts going to predatory lenders instead of bankrupt US homeowners