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

[hiho]

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.

 

[Prior]

Greek who?

Do they still exist, thought they went ages ago...

 

[Mi lao shu]

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 .