Comments on: What the Greece Crisis Means for the Eurozone https://www.dailygainsletter.com/economy/what-the-greece-crisis-means-for-the-eurozone/3803/ Tue, 12 May 2015 14:58:00 +0000 hourly 1 https://wordpress.org/?v=4.1.11 By: Johnny Valz https://www.dailygainsletter.com/economy/what-the-greece-crisis-means-for-the-eurozone/3803/#comment-35 <![CDATA[Johnny Valz]]> Tue, 12 May 2015 14:58:00 +0000 https://www.dailygainsletter.com/?p=3803#comment-35 <![CDATA["After a bailout program that saw about $265 billion flow into the dried up coffers in Greece back in 2010, the country is really nowhere near surfacing out of its financial crisis" .... except that over 90% of that $265 billion immediately went to German and French banks who had loaned Greece that money in the first place. Greece did not put $265 billion into their "coffers" as stated. To leave that part out in the article either makes the writer an imbecile (if they weren't aware) or disingenuous (if they did know that's what happened but chose to not include it). Roughly $25 billion actually went to Greece (big difference from $265 billion). The real question is why did politicians from every EU member country sell-out both their own citizens AND the citizens of Greece so that private banks who had irresponsibly lent could get all their money back.]]> <![CDATA[

"After a bailout program that saw about $265 billion flow into the dried up coffers in Greece back in 2010, the country is really nowhere near surfacing out of its financial crisis" …. except that over 90% of that $265 billion immediately went to German and French banks who had loaned Greece that money in the first place. Greece did not put $265 billion into their "coffers" as stated. To leave that part out in the article either makes the writer an imbecile (if they weren't aware) or disingenuous (if they did know that's what happened but chose to not include it). Roughly $25 billion actually went to Greece (big difference from $265 billion). The real question is why did politicians from every EU member country sell-out both their own citizens AND the citizens of Greece so that private banks who had irresponsibly lent could get all their money back.

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