Comments by "bj0rn" (@TheLivirus) on "Greeks Loudly Reject Austerity Cuts" video.

  1. Brian Mason Considering Germany's history of extreme hyperinflation, who would ever be as dumb as to let them handle money again? At least every country in the Euro zone it seems, so how is Greek defaulting 100-200 years ago relevant today?
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  2. Geo Dim Are you familiar with Mark Blyth?
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  3. Alex Spec If you are at all interested in what is actually going on in Greece you should read this: https://www.foreignaffairs.com/articles/greece/2015-07-07/pain-athens
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  4. Sayuas "The EFSF was a company the EU set up in Luxemburg “to preserve financial stability in Europe’s economic and monetary union” by issuing bonds to the tune of 440 billion euro that would generate loans to countries in trouble. So what did they do with that funding? They raised bonds to bail Greece’s creditors—the banks of France and Germany mainly—via loans to Greece. Greece was thus a mere conduit for a bailout. It was not a recipient in any significant way, despite what is constantly repeated in the media. Of the roughly 230 billion euro disbursed to Greece, it is estimated that only 27 billion went toward keeping the Greek state running. Indeed, by 2013 Greece was running a surplus and did not need such financing. Accordingly, 65 percent of the loans to Greece went straight through Greece to core banks for interest payments, maturing debt, and for domestic bank recapitalization demanded by the lenders. By another accounting, 90 percent of the “loans to Greece” bypassed Greece entirely."
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  5. Teufelsnachbar667 So tell me, did you run a century-long austerity program to pay off the debt? Nope. So what's your point?
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