German state TV: Eurozone didn’t allow Greece to bankrupt in 2010, due to German & French banks

Posted by keeptalkinggreece in Economy

German state broadcaster ARD aired a documentary that shocked many conservatives, neoliberals and hardliners accord the German country. The documentary with the title “The trail of the Troika – Power without Control” , a documentary produced by RBB from network ARTE showed to Germans a different approach to the Greek debt problem.

The story went more or less like this:

The euro member states did not want Greece to go bankrupt in 2010 in order to protect German and French banks, which were exposed to almost €40 billion Greek debt and were afraid to lose the money.

Therefore, the international community was pumping taxpayers’ money into the Greek financial system. Billions of money that did not reach the common people. In the same course, the documentary said that the Greek people have been  incapacitated up to the current day by the non-democratically legitimate bureaucrats of the Troika, have been systematically ruined, cut off from health care – in a word, humiliated.

http://www.keeptalkinggreece.com/2015/03/10/german-state-tv-eurozon...

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