European Finance Ministers are meeting later on today to decide whether Greece gets the second dose of the 'bail out' and if not then the country will go straight to default on its debts.
The media are presenting this as a rescue plan when what it really is is a loan to pay huge interest rates on other loans. So the 'deal' is that the Greeks get a second package to enable them to continue repaying the bankers and this will be at the expense of ordinary people, public sector workers and pensioners taking huge loses on their income and standard of living. Its like a wonga loan advertised on telly over here!!
No comments:
Post a Comment