Attac investigation shows: EU crisis management policy saves banks, not the general population Μετάφραση στα ελληνικά Since March 2010, the European Union (EU) and the International Monetary Fund (IMF) have applied 23 tranches comprising €206,9 billion to the so-called "Greek bail-out". They have however provided hardly any documentation on the exact usage of those huge … Continue reading 17.06.2013 – Greek Bail-Out: 77% went into the Financial Sector
(Reuters) - Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root. Yet despite three-and-a-half years of debt and banking turmoil, with bailouts totaling more than 400 billion euros, northern euro zone taxpayers … Continue reading Who profits from the bailouts
By Barbara Van Haute Editorial Note: Of all the nations experiencing traumatic economic difficulties during the course of the current Great Recession, Greece has suffered the most adverse consequences. The country’s five year economic problems have been longer and deeper than that of any developed country. In fact, Greece has gone through a catastrophic depression … Continue reading Ambassador Leonidas Chrysanthopoulos on the Greek economic crisis: could this Greek Tragedy lead to civil war?
Bombshell: Deutsche Bank Hid $12 Billion In Losses To Avoid A Government Bail-Out Forget the perfectly anticipated Greek (selective) default. This is the real deal. The FT just released a blockbuster that Europe's most important and significant bank, Deutsche Bank, hid $12 billion in losses during the financial crisis, helping the bank avoid a government bail-out, … Continue reading Deutsche Bank Hid $12 Billion In Losses To Avoid A Government Bail-Out