8-29-17 Greece, by Lynette Zang
After years of preparation, in 2001 Greece was accepted into the EU Monetary Union. The main benefit was the ability to borrow at the same rate as Germany.
And borrow they did, so much so that debt service far outpaced Greece’s ability to pay all this new debt. In May 2011, the Troika (European Commission (EC), ECB and IMF) granted Greece it’s first of four “bail-outs”.
The question is who got bailed out? Who really benefited from all this new debt? The answers to these questions could be our crystal ball, because we now have over seven years to see what it’s like when Technocratic Central Bankers are in full control.
Below Are The Slides And Supportive Links Regarding The EU Monetary Union And The Road To A Greek Debt Reset:
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