{"id":37347,"date":"2016-05-06T06:41:59","date_gmt":"2016-05-06T10:41:59","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=37347"},"modified":"2016-05-06T06:41:59","modified_gmt":"2016-05-06T10:41:59","slug":"german-study-proves-it-95-of-greek-bailout-money-went-to-the-banks","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=37347","title":{"rendered":"German Study Proves It \u2013 95% Of Greek &#8220;Bailout&#8221; Money Went To The Banks"},"content":{"rendered":"<p><!--more--><\/p>\n<p class=\"p1\"><span class=\"s1\">by Mike Krieger<br \/>\nLiberty Blitzkrieg\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>I simply cannot stress enough how important Greece is to freedom, liberty and civilization across the globe. Greece is not a one-off, or merely a small nation in big trouble that holds little relevance for the rest of us.\u00a0Greece is everything.<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>What is happening to Greece follows the exact same game plan of what will eventually happen to every other supposedly sovereign nation. First there is an explosion of debt. Then a crisis. Then a bailout. Then creditor imposed hardship is forced upon the average population, in conjunction with unlimited bailouts for the bankers and other oligarch criminals.<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Finally, when a public which mistakenly believes it is living in a democracy exercises its right to\u00a0national sovereignty, the sad truth is exposed.\u00a0They are not a people living under\u00a0a free political system.<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s2\">\u2013 From last year\u2019s post:\u00a0<a href=\"http:\/\/libertyblitzkrieg.com\/2015\/08\/18\/this-is-sparta-1000-bitcoin-atms-are-coming-to-greece\/\"><span class=\"s3\"><b>This is Sparta \u2013 1,000 Bitcoin ATMs are Coming to Greece<\/b><\/span><\/a><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">A recent German study just confirmed what tens of millions of Greeks already knew. That they are a people fully conquered by criminal mega banks and the corrupt politicians and technocrats in their employ.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>Get ready for another epic screw job this summer.<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s2\">From <a href=\"http:\/\/www.ekathimerini.com\/208381\/article\/ekathimerini\/business\/german-report-bailout-has-saved-banks-not-greece\"><span class=\"s3\">Ekathimerini<\/span><\/a>:<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Some 95 percent of the 220 billion euros disbursed to Greece since the start of the financial crisis as loans from the bailout mechanism has been directed toward saving the European banks. That means about 210 billion euros was eventually channeled to the eurozone credit sector while just 5 percent ended up in state coffers, according to a study by the European School of Management and Technology (ESMT) in Berlin.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\"><b>\u201cEurope and the International Monetary Fund have in previous years mainly saved the banks and other private creditors,\u201d concluded the report, published yesterday in German newspaper Handelsblatt.<\/b> ESMT director Jorg Rocholl told the financial newspaper that \u201cthe bailout packages mainly saved the European banks.\u201d<\/span><\/p>\n<p class=\"p4\"><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">The economists who took part in the study have analyzed each loan separately to established where the money ended up, and concluded that just 9.7 billion euros \u2013 <b>less than 5 percent \u2013 actually found its way into the Greek budget for the benefit of citizens.<\/b><\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">\u201cThis is something that everyone suspected, but few people actually knew. That has now been confirmed by the study.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">For related articles, see:<\/span><\/p>\n<p class=\"p3\">\n<p class=\"p1\"><a href=\"http:\/\/libertyblitzkrieg.com\/2015\/12\/19\/this-is-a-coup-the-story-of-how-greece-lost-democracy\/\">\u201cThis is a Coup\u201d \u2013 The Story of How Greece Lost Democracy<\/a><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"http:\/\/libertyblitzkrieg.com\/2015\/08\/18\/this-is-sparta-1000-bitcoin-atms-are-coming-to-greece\/\">This is Sparta \u2013 1,000 Bitcoin ATMs are Coming to Greece<\/a><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"http:\/\/libertyblitzkrieg.com\/2015\/07\/21\/yanis-varoufakis-on-europes-vindictive-privatization-plan-for-greece\/\">Yanis Varoufakis on \u201cEurope\u2019s Vindictive Privatization Plan for Greece\u201d<\/a><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"http:\/\/libertyblitzkrieg.com\/2016\/04\/04\/yanis-varoufakis-issues-a-major-warning-to-the-greek-people\/\">Yanis Varoufakis Issues a Major Warning to the Greek People<\/a><\/span><\/p>\n<p class=\"p1\">___<br \/>\nhttp:\/\/www.zerohedge.com\/news\/2016-05-05\/german-study-proves-it-%E2%80%93-95-greek-bailout-money-went-banks<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37347","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/37347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37347"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/37347\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}