Greek Bailout Money flows mainly to the Banks for EU Taxpayers to settle!
Essentially of the total amount (€282.2bn) that is entailed in the various measures now on the table to save Greece – through the bailouts and the ECB – only €159.5bn, or 57% will actually go to Greece itself. The rest will go to banks and other bondholders.
By 2015, when all the installments from the first and second bailout have been paid out, official sector lending could account for as much as 85% of Greek debt, meaning that only 15% of Greece’s debt will not be underwritten by eurozone taxpayers.
Labels: EU fraud