The country has since gone through a series of “bailouts” and experienced a 25% collapse in GDP (roughly equivalent to what Argentina experienced in its 2001 implosion).
And yet, despite all the bailouts and claims that Greece was “fixed,” the country is set to default on some of its debt this Friday.
How on earth does this farce continue? How can Greece be broke FIVE years after it was first allegedly “fixed”?
The answer is very simple. Greece was never fixed. The Greek bailout was about getting money to German and French banks, many of which would go broke if Greece defaulted on its debts.
This story has been completely ignored in the media. But if you read between the lines, you will begin to understand what really happened during the previous Greek bailouts .... http://www.zerohedge.com
