How the Greek Banks Secured an Additional, Hidden €41 billion Bailout from European taxpayers

Read this alongside “As Greece Battles a Debt Crisis, Its Banks Issue More Short-Term Debt” http://nyti.ms/1yTl9Ls

Yanis Varoufakis

bailoutIn 2013 Greek taxpayers borrowed from the rest of Europe’s taxpayers €41 billion to pump into the Greek banks. This is well known. What is not known is that, also in 2013/4, the Greek banks received an additional, well hidden, €41 billion bailout loan from Greek and European citizens. This bailout was never authorised by any Parliament or even discussed in public anywhere in Europe.

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