 |
| READ THE ORIGINAL POST AT www.greekherald.com |
How the world sees Greece
Thursday, July 25, 2013
Most Greek Aid Back To Lenders
Greece will use more than half of an incoming loan installment of 4 billion euros ($5.27 billion) from the Eurozone to give back to investors and banks who hold Greek bonds instead of using it for social services, in effect taking loans to pay back other loans. The maturing bonds are held by the European Central Bank and national central banks who make a profit out of Greece’s crushing ...
