EU approves EUR 12bn bailout for Greece

Eurozone politicians have signed-off on a key bailout payment to Greece worth EUR 12bn, which the country will receive by July 15.

B92

Whether the EU transfers 12bn or 30bn euros to German and French banks is totally irrelevant.Greece cannot get out of this crisis by building more debt and in time it will default.But the corrupt Greek politicians have decided-as their EU masters demanded-to default after all its national assets have been privatised for next to nothing.This is what make people very angry.

The Greek crisis should be seen as the crisis of the whole system of international finance and capitalism.What we are involved in is the neo-liberalist endgame which in turn will kill not only the european but that of uk and us banking systems as well.

Eurozone politicians have signed-off on a key bailout payment to Greece worth EUR 12bn, which the country will receive by July 15.

B92

Whether the EU transfers 12bn or 30bn euros to German and French banks is totally irrelevant.Greece cannot get out of this crisis by building more debt and in time it will default.But the corrupt Greek politicians have decided-as their EU masters demanded-to default after all its national assets have been privatised for next to nothing.This is what make people very angry.

The Greek crisis should be seen as the crisis of the whole system of international finance and capitalism.What we are involved in is the neo-liberalist endgame which in turn will kill not only the european but that of uk and us banking systems as well.