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Richard Stallman's Political Notes

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"Bailout" increases Greece's debt

mercredi 22 juillet 2015 à 02:00

The "bailout" for Greece's creditors increases Greece's debt to 225% of GDP. That's almost double what it was before the previous "bailouts". However, all of the euro-zone is dominated by the banksters and it can all come crashing down under their deficit limits.

The IMF should veto the bailout for Greece's creditors, because the plan can't achieve the stated goal of reducing Greece's debt.

It would be easy to write off Greek debt to banks.