The "haircut" of the German debt for which Greece also agreed!

[no more banksters]

On February 27, 1953 Germany's creditors with the US initiative gathered in London to settle the debt of Germany and in particular that of West Germany.

An important stipulation was that the repayment would be done if the West Germany had a trade surplus and the debt service would not exceed 3% of its revenue from the export trade. On the Greek side, the agreement was signed by the Greek Ambassador in London, Leon V. Melas, and ratified by the Greek Parliament through the 3480/56 Law.

Of course, there was no chance that Greece could be treated similarly by the European Financial Dictatorship today for many reasons. One of these reasons, according to a new study by the Halle Institute for Economic Research, is that Germany had a huge benefit from the Greek crisis, equal to more than 100 billion euros during the period 2010 to 2015.

http://failedevolution.blogspot.gr/2015/08/the-haircut-of-german-debt-for-which.html

[Blue_Tires]

1. Not only is that talking point old,

it's completely irrelevant to the present discussion...

http://www.msn.com/en-us/money/markets/greece-lenders-clinch-bailout-deal-after-marathon-talks/ar-BBlCTVF?ocid=ansfinreu11

[jwirr]

2. Link TV was talking about how everyone is talking about the poor German stock holders who are

going to lose money on the failure of Greece. The fact is according to the program the fact is that the banks are making money. Disaster capitalism anyone?

It was on France 24 Mid-Day News last night.