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Latest Discussions»Latest Breaking News»Merkel’s Government Rejec...»Reply #8
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In reply to the discussion: Merkel’s Government Rejects Second Greek Debt Cut to Ease Crisis [View all]

PaulaFarrell

(1,236 posts)
8. my understanding is that most of the money 'given' to Greece goes straight back to German banks
Reply to dipsydoodle (Reply #2)
Mon Oct 15, 2012, 03:47 PM
Oct 2012

they are not bailing out Greece, they are bailing out the banks who lent to Greece

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Merkel’s Government Rejects Second Greek Debt Cut to Ease Crisis [View all] dipsydoodle Oct 2012 OP
Merkel signing EU economic death warrant Kelvin Mace Oct 2012 #1
She'll be out come next elections there. dipsydoodle Oct 2012 #2
my understanding is that most of the money 'given' to Greece goes straight back to German banks PaulaFarrell Oct 2012 #8
No - it is to fund basic government functions for two years hack89 Oct 2012 #12
yes, because they are servicing debts to other countries PaulaFarrell Oct 2012 #15
Part of the deal was that debt holders wrote off 100 Billion euros in Greek debt hack89 Oct 2012 #16
The German banks to which you refer dipsydoodle Oct 2012 #13
If Greece were able to devalue their currency to regain some competitiveness, they would byeya Oct 2012 #3
Extremely stupid decision imo on the part of Germany. nt cstanleytech Oct 2012 #4
dipsydoodle Diclotican Oct 2012 #5
It's my understanding that the Germans, on their way out of occupying Greece, randomly slaughtered byeya Oct 2012 #6
byeya Diclotican Oct 2012 #7
Thanks very much for adding to what little I knew about the situation. I appreciate byeya Oct 2012 #9
byeya Diclotican Oct 2012 #10
Thanks for the additional history: All new to me. My father was in WW2 and severely wounded byeya Oct 2012 #11
byeya Diclotican Oct 2012 #14
Latest Discussions»Latest Breaking News»Merkel’s Government Rejec...»Reply #8
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