Greece To Receive "Negative" Cash From "Second Bailout" As It Funds In

Discussion in 'Markets & Economies' started by hiho, Feb 22, 2012.

  1. hiho

    hiho Active Member Silver Stacker

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    http://www.zerohedge.com/news/scand...ond-bailout-it-funds-insolvent-european-banks

    but the country will actually have to fund said escrow! You read that right: the Greek bailout #2 is nothing but a Greek-funded bailout of Europe's insolvent banks... and the Greek constitution is about to be changed to reflect this!

    Congratulations Greece - you just got royally raped by your own unelected rulers and you didn't even know it.
     
  2. Prior

    Prior Member Silver Stacker

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    Greek who?

    Do they still exist, thought they went ages ago...
     
  3. Mi lao shu

    Mi lao shu Member

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    And that is not all,
    also the document which greeks didn't sign yet provide the mechanism for foreign bond owners to size greek gold reserves from Greece National Bank . New bond will be issued under British common law, which is better for issuers,although i dont know much about this since we dont study to much common law in mainland Europe .
     

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