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> Less than 10% of the bailout money was left to be used by the government for reforming its economy and safeguarding weaker members of society. http://www.the
by pfg 11y ago
> Less than 10% of the bailout money was left to be used by the government for reforming its economy and safeguarding weaker members of society.
http://www.theguardian.com/world/2015/jun/29/where-did-the-greek-bailout-money-go http://www.theguardian.com/world/2015/jun/29/where-did-the-g...
- deleted 11y ago[deleted]
- deleted 11y ago[deleted]
- bobcostas55 11y agoThat's completely meaningless nonsense, money is fungible.
- yrro 11y agoDoesn't change the fact that the previous bailout was in practice a bailout of French and German banks and other private bondholders. Another case of profits being privatized and losses being socialized.
- mattlutze 11y ago> Only a small fraction of the €240bn (£170bn) total bailout money Greece received in 2010 and 2012 found its way into the government’s coffers to soften the blow of the 2008 financial crash and fund reform programmes. > Most of the money went to the banks that lent Greece funds before the crash. They money from the bailouts went to pay debts that Greece owed on pre-2008 loans, and was not available to the Greek government to be used for social or economic restructuring. I'm not certain at all what your basis for your comment is.