Truths & Lies about the Greek crisis

newPic_8458_jpg_1923056bAuthor and Contributor

Alkis Meletiou

Greece has received more than €252bn in bailouts since 2010, and just 10% have found its way into public spending. All the rest of the money went straight out of the country for the repayments of interests to the creditors, including banks, hedge funds and core Eurozone countries. Germany and France persuaded other lenders to sign up in 2012 for the bond restructuring that prevented the country coming out from euro. Continue reading