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Thursday, August 20, 2015

Greece's Circular Funding

Greece paid Euro3.2BN to its creditors yesterday, using money that its creditors lent it to pay them back.

Meanwhile Energy Minister Panos Skourletis said:
"The political landscape must clear up. We need to know whether the government has or does not have a majority."
I wonder when the Greek people will wake up to the fact that the bailout funds are not for them, but for their creditors?

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