{"id":23534,"date":"2017-08-29T13:34:54","date_gmt":"2017-08-29T20:34:54","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=23534"},"modified":"2018-12-21T01:50:20","modified_gmt":"2018-12-21T08:50:20","slug":"eu-monetary-union-road-greek-debt-reset-really-got-bailed","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/eu-monetary-union-road-greek-debt-reset-really-got-bailed\/","title":{"rendered":"The EU Monetary Union And The Road To A Greek Debt Reset. Who Really Got Bailed Out?"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"The EU Monetary Union And The Road To A Greek Debt Reset. Who Really Got Bailed Out?\" width=\"625\" height=\"352\" src=\"https:\/\/www.youtube.com\/embed\/Sm1IDwWPqG4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h4>8-29-17 Greece, by Lynette Zang<\/h4>\n<p>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.<\/p>\n<p>And borrow they did, so much so that debt service far outpaced Greece\u00e2\u20ac\u2122s ability to pay all this new debt. In May 2011, the Troika (European Commission (EC), ECB and IMF) granted Greece it\u00e2\u20ac\u2122s first of four \u00e2\u20ac\u0153bail-outs\u00e2\u20ac\u009d.<\/p>\n<p>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\u00e2\u20ac\u2122s like when Technocratic Central Bankers are in full control.<\/p>\n<h4>Below Are The Slides And Supportive Links Regarding The EU Monetary Union And The Road To A Greek Debt Reset:<\/h4>\n<div id=\"attachment_23537\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23537\" class=\"size-full wp-image-23537\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide1-5.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide1-5.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide1-5-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide1-5-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23537\" class=\"wp-caption-text\"><strong>Slide1<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/gulzar05.blogspot.com\/2012\/06\/\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/gulzar05.blogspot.com\/2012\/06\/<\/a><\/p>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Greek_government-debt_crisis#Fraudulent_statistics\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/en.wikipedia.org\/wiki\/Greek_government-debt_crisis#Fraudulent_statistics<\/a><\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2010\/02\/14\/business\/global\/14debt.html?pagewanted=1&amp;hp\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.nytimes.com\/2010\/02\/14\/business\/global\/14debt.html?pagewanted=1&amp;hp<\/a><\/p>\n<div id=\"attachment_23538\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23538\" class=\"wp-image-23538 size-full\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide2-5.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide2-5.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide2-5-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide2-5-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23538\" class=\"wp-caption-text\"><strong>Slide 2<\/strong><\/p><\/div>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Greek_government-debt_crisis\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/en.wikipedia.org\/wiki\/Greek_government-debt_crisis<\/a><\/p>\n<p><a href=\"http:\/\/voxeu.org\/article\/greek-debt-restructuring-lessons-learned\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/voxeu.org\/article\/greek-debt-restructuring-lessons-learned<\/a><\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/financialcrisis\/9125614\/Graphic-Greeces-bailout-bond-swap-explained.html\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.telegraph.co.uk\/finance\/financialcrisis\/9125614\/Graphic-Greeces-bailout-bond-swap-explained.html <\/a><\/p>\n<div id=\"attachment_23540\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23540\" class=\"size-full wp-image-23540\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide3-5.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide3-5.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide3-5-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide3-5-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23540\" class=\"wp-caption-text\"><strong>Slide 3<\/strong><\/p><\/div>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Austerity_Packages_of_Greece#First_Austerity_Package\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/en.wikipedia.org\/wiki\/Austerity_Packages_of_Greece#First_Austerity_Package<\/a><\/p>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2011\/nov\/10\/lucas-papademos-greece-coalition-leader-profile\" target=\"_blank\" rel=\"noopener noreferrer\"> https:\/\/www.theguardian.com\/business\/2011\/nov\/10\/lucas-papademos-greece-coalition-leader-profile <\/a><\/p>\n<div id=\"attachment_23541\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23541\" class=\"size-full wp-image-23541\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide4-5.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide4-5.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide4-5-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide4-5-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23541\" class=\"wp-caption-text\"><strong>Slide 4<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/www.europeanpensions.net\/ep\/A-Greek-tragedy.php\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.europeanpensions.net\/ep\/A-Greek-tragedy.php <\/a><\/p>\n<div id=\"attachment_23542\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23542\" class=\"size-full wp-image-23542\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide5-5.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide5-5.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide5-5-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide5-5-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23542\" class=\"wp-caption-text\"><strong>Slide 5<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/scholarship.law.duke.edu\/cgi\/viewcontent.cgi?article=5343&amp;context=faculty_scholarship\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/scholarship.law.duke.edu\/cgi\/viewcontent.cgi?article=5343&amp;context=faculty_scholarship <\/a><\/p>\n<div id=\"attachment_23543\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23543\" class=\"size-full wp-image-23543\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide6-4.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide6-4.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide6-4-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide6-4-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23543\" class=\"wp-caption-text\"><strong>Slide 6<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/scholarship.law.duke.edu\/cgi\/viewcontent.cgi?article=5343&amp;context=faculty_scholarship\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/scholarship.law.duke.edu\/cgi\/viewcontent.cgi?article=5343&amp;context=faculty_scholarship <\/a><\/p>\n<p><a href=\"https:\/\/www.cigionline.org\/sites\/default\/files\/cigi_paper_33.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.cigionline.org\/sites\/default\/files\/cigi_paper_33.pdf <\/a><\/p>\n<div id=\"attachment_23545\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23545\" class=\"wp-image-23545 size-full\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide7-4.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide7-4.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide7-4-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide7-4-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23545\" class=\"wp-caption-text\"><strong>Slide 7<\/strong><\/p><\/div>\n<p><a href=\"https:\/\/www.stlouisfed.org\/~\/media\/Files\/PDFs\/publications\/pub_assets\/pdf\/re\/2012\/b\/credit_default.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.stlouisfed.org\/~\/media\/Files\/PDFs\/publications\/pub_assets\/pdf\/re\/2012\/b\/credit_default.pdf<\/a><\/p>\n<p><a href=\"https:\/\/www.stlouisfed.org\/publications\/regional-economist\/april-2012\/a-look-at-credit-default-swaps-and-their-impact-on-the-european-debt-crisis\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.stlouisfed.org\/publications\/regional-economist\/april-2012\/a-look-at-credit-default-swaps-and-their-impact-on-the-european-debt-crisis <\/a><\/p>\n<p><a href=\"http:\/\/scholarship.law.duke.edu\/cgi\/viewcontent.cgi?article=5343&amp;context=faculty_scholarship\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/scholarship.law.duke.edu\/cgi\/viewcontent.cgi?article=5343&amp;context=faculty_scholarship<\/a><\/p>\n<div id=\"attachment_23546\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23546\" class=\"size-full wp-image-23546\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide8-3.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide8-3.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide8-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide8-3-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23546\" class=\"wp-caption-text\"><strong>Slide 8<\/strong><\/p><\/div>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Civil_mobilization\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/en.wikipedia.org\/wiki\/Civil_mobilization<\/a><\/p>\n<p><a href=\"https:\/\/www.cnsnews.com\/news\/article\/greece-grapples-strikes-despite-mobilization\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.cnsnews.com\/news\/article\/greece-grapples-strikes-despite-mobilization <\/a><\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/afontevecchia\/2012\/02\/21\/greek-bailout-deal-a-farce-to-benefit-banks-at-the-expense-of-greece\/#1ad49bd97274\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.forbes.com\/sites\/afontevecchia\/2012\/02\/21\/greek-bailout-deal-a-farce-to-benefit-banks-at-the-expense-of-greece\/#1ad49bd97274 <\/a><\/p>\n<p><a href=\"https:\/\/www.nytimes.com\/2014\/12\/30\/world\/europe\/greek-patience-with-austerity-nears-its-limit-.html?mcubz=1#\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.nytimes.com\/2014\/12\/30\/world\/europe\/greek-patience-with-austerity-nears-its-limit-.html?mcubz=1# <\/a><\/p>\n<div id=\"attachment_23547\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23547\" class=\"size-full wp-image-23547\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide9-3.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide9-3.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide9-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide9-3-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23547\" class=\"wp-caption-text\"><strong>Slide 9<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/www.reuters.com\/article\/us-cyprus-banks-investigation-insight-idUSBRE93T05820130430\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.reuters.com\/article\/us-cyprus-banks-investigation-insight-idUSBRE93T05820130430\u00c2\u00a0<\/a><\/p>\n<p><a href=\"http:\/\/scholarship.law.duke.edu\/cgi\/viewcontent.cgi?article=5343&amp;context=faculty_scholarship\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/scholarship.law.duke.edu\/cgi\/viewcontent.cgi?article=5343&amp;context=faculty_scholarship <\/a><\/p>\n<div id=\"attachment_23548\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23548\" class=\"size-full wp-image-23548\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide10-3.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide10-3.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide10-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide10-3-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23548\" class=\"wp-caption-text\"><strong>Slide 10<\/strong><\/p><\/div>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Civil_mobilization\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/en.wikipedia.org\/wiki\/Civil_mobilization<\/a><\/p>\n<p><a href=\"https:\/\/www.usatoday.com\/picture-gallery\/news\/world\/2017\/03\/08\/greek-farmers-clash-with-police-over-tax-reforms\/98908496\/\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.usatoday.com\/picture-gallery\/news\/world\/2017\/03\/08\/greek-farmers-clash-with-police-over-tax-reforms\/98908496\/ \u00c2\u00a0<\/a><\/p>\n<div id=\"attachment_23549\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23549\" class=\"size-full wp-image-23549\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide11-3.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide11-3.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide11-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide11-3-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23549\" class=\"wp-caption-text\"><strong>Slide 11<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/www.businessinsider.com\/greece-debt-grexit-eurozone-imf-2017-3\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.businessinsider.com\/greece-debt-grexit-eurozone-imf-2017-3 <\/a><\/p>\n<div id=\"attachment_23550\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23550\" class=\"size-full wp-image-23550\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide12-3.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide12-3.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide12-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide12-3-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23550\" class=\"wp-caption-text\"><strong>Slide 12<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/www.bbc.com\/news\/world-europe-33305019\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.bbc.com\/news\/world-europe-33305019<\/a><\/p>\n<div id=\"attachment_23551\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23551\" class=\"size-full wp-image-23551\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide13-3.jpg\" alt=\"GreekDebt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide13-3.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide13-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide13-3-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23551\" class=\"wp-caption-text\"><strong>Slide 13<\/strong><\/p><\/div>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/timworstall\/2015\/07\/18\/greek-bank-closure-cost-economy-e3-billion-banks-reopen-monday\/#270de57e1e7e\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.forbes.com\/sites\/timworstall\/2015\/07\/18\/greek-bank-closure-cost-economy-e3-billion-banks-reopen-monday\/#270de57e1e7e\u00c2\u00a0<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/kathimerini-reports-greek-stock-market-will-be-closed-for-a-week-2015-6\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.businessinsider.com\/kathimerini-reports-greek-stock-market-will-be-closed-for-a-week-2015-6<\/a><\/p>\n<p><a href=\"http:\/\/www.ekathimerini.com\/218275\/article\/ekathimerini\/business\/capital-controls-to-stay-till-at-least-end-of-2018\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.ekathimerini.com\/218275\/article\/ekathimerini\/business\/capital-controls-to-stay-till-at-least-end-of-2018 <\/a><\/p>\n<div id=\"attachment_23552\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23552\" class=\"size-full wp-image-23552\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide14-3.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide14-3.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide14-3-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide14-3-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23552\" class=\"wp-caption-text\"><strong>Slide 14<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/greece.greekreporter.com\/2016\/05\/31\/many-goods-and-services-in-greece-go-up-june-1st-after-tax-hikes\/\" target=\"_blank\" rel=\"noopener noreferrer\"> http:\/\/greece.greekreporter.com\/2016\/05\/31\/many-goods-and-services-in-greece-go-up-june-1st-after-tax-hikes\/<\/a><\/p>\n<p><a href=\"http:\/\/greece.greekreporter.com\/2017\/06\/08\/greek-government-to-freeze-pensions-until-2022-as-creditors-require\/\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/greece.greekreporter.com\/2017\/06\/08\/greek-government-to-freeze-pensions-until-2022-as-creditors-require\/<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/greece-sells-piraeus-to-chinese-investors-2016-4\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.businessinsider.com\/greece-sells-piraeus-to-chinese-investors-2016-4 <\/a><\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/7221b849-5627-369c-8337-ce541f44f11a\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.ft.com\/content\/7221b849-5627-369c-8337-ce541f44f11a<\/a><\/p>\n<div id=\"attachment_23553\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23553\" class=\"size-full wp-image-23553\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide15-2.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide15-2.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide15-2-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide15-2-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23553\" class=\"wp-caption-text\"><strong>Slide 15<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/www.ekathimerini.com\/210072\/article\/ekathimerini\/news\/nearly-half-a-million-greeks-have-left-bank-of-greece-report-finds\" target=\"_blank\" rel=\"noopener noreferrer\"> http:\/\/www.ekathimerini.com\/210072\/article\/ekathimerini\/news\/nearly-half-a-million-greeks-have-left-bank-of-greece-report-finds<\/a><\/p>\n<p><a href=\"https:\/\/tradingeconomics.com\/greece\/asylum-applications\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/tradingeconomics.com\/greece\/asylum-applications<\/a><\/p>\n<div id=\"attachment_23554\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23554\" class=\"size-full wp-image-23554\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide16-2.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide16-2.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide16-2-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide16-2-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23554\" class=\"wp-caption-text\"><strong>Slide 16<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/www.keeptalkinggreece.com\/2016\/08\/14\/greeks-will-have-to-declare-to-tax-office-even-cash-below-100-euro\/\" target=\"_blank\" rel=\"noopener noreferrer\"> http:\/\/www.keeptalkinggreece.com\/2016\/08\/14\/greeks-will-have-to-declare-to-tax-office-even-cash-below-100-euro\/<\/a><\/p>\n<p><a href=\"http:\/\/www.keeptalkinggreece.com\/2017\/01\/03\/greece-bans-cash-tax-allowance-possible-only-through-payments-via-plastic-money\/\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.keeptalkinggreece.com\/2017\/01\/03\/greece-bans-cash-tax-allowance-possible-only-through-payments-via-plastic-money\/ <\/a><\/p>\n<p><a href=\"http:\/\/www.ekathimerini.com\/218576\/article\/ekathimerini\/business\/tax-authorities-to-chase-undeclared-properties\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.ekathimerini.com\/218576\/article\/ekathimerini\/business\/tax-authorities-to-chase-undeclared-properties <\/a><\/p>\n<div id=\"attachment_23555\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23555\" class=\"size-full wp-image-23555\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide17-2.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide17-2.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide17-2-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide17-2-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23555\" class=\"wp-caption-text\"><strong>Slide 17<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/www.dw.com\/en\/latest-greece-bailout-tranche-approved-will-include-imf-buffer\/a-39271008\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/www.dw.com\/en\/latest-greece-bailout-tranche-approved-will-include-imf-buffer\/a-39271008<\/a><\/p>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Greek_government-debt_crisis#Fraudulent_statistics\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/en.wikipedia.org\/wiki\/Greek_government-debt_crisis#Fraudulent_statistics<\/a><\/p>\n<div id=\"attachment_23556\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23556\" class=\"size-full wp-image-23556\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide18-1.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide18-1.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide18-1-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide18-1-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23556\" class=\"wp-caption-text\"><strong>Slide 18<\/strong><\/p><\/div>\n<p><a href=\"http:\/\/www.dw.com\/en\/most-of-greek-bailout-money-went-to-banks-study\/a-19234391\" target=\"_blank\" rel=\"noopener noreferrer\"> http:\/\/www.dw.com\/en\/most-of-greek-bailout-money-went-to-banks-study\/a-19234391<\/a><\/p>\n<p><a href=\"https:\/\/press.esmt.org\/Greek_bailout\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/press.esmt.org\/Greek_bailout<\/a><\/p>\n<div id=\"attachment_23557\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23557\" class=\"size-full wp-image-23557\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide19-1.jpg\" alt=\"Greek Debt Reset\" width=\"960\" height=\"720\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide19-1.jpg 960w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide19-1-300x225.jpg 300w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2017\/08\/Slide19-1-768x576.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-23557\" class=\"wp-caption-text\"><strong>Slide 19<\/strong><\/p><\/div>\n<p><a href=\"https:\/\/www.yanisvaroufakis.eu\/2017\/06\/16\/the-annotated-15th-june-2017-eurogroup-statement-on-greece\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.yanisvaroufakis.eu\/2017\/06\/16\/the-annotated-15th-june-2017-eurogroup-statement-on-greece<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>8-29-17 Greece, by Lynette Zang After years of preparation, in 2001 Greece was accepted into the EU Monetary Union. The main [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":25725,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[45,56,58,1633,1634,1635],"class_list":["post-23534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-debt","tag-foreign-central-banks","tag-global-economic-crisis","tag-lynette-zang-flash-in-five","tag-lynette-zang-youtube","tag-itm-trading-youtube"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/23534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=23534"}],"version-history":[{"count":8,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/23534\/revisions"}],"predecessor-version":[{"id":23566,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/23534\/revisions\/23566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/25725"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=23534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=23534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=23534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}