Hacker News new | ask | show | jobs
by youngtaff 4092 days ago
Problem is the Greek bailout was actually a bailout of the German and French banks who lent Greece money.

The EU sacrificed Greece to save their own skins

https://www.opendemocracy.net/can-europe-make-it/thomas-fazi...

1 comments

Very few people seem to understand this perverse dimension to it.

I even saw one mainstream newspaper use the phrase "economic aid" when referring to the loans given to Greece to service their existing debt!

much the same perversion as the 2008 bailouts going to predatory lenders instead of bankrupt US homeowners