It is about protecting and benefiting the financial industry, not the people. The ECB was designed by Deutsche Bank for itself and other TBTF European banks, not the real economy.
]]>Greece will be leaving the Euro *real soon now*.
BTW, for those who claim that Greece’s financial problems were caused by tax evasion: Tax evasion may be rampant in Greece, but even with tax evasion, Greece still manages to collect roughly the same percentage of their national income as taxes as Germany does. According to World Bank statistics, Greece collected 33.5% of national income as taxes in 2013 vs 36.7% for Germany. The OECD average is 34.1% of national income. So Greece was/is pretty average insofar as tax collection is concerned. The problem wasn’t tax evasion, the problem was loans handed out with toxic strings attached. So now the banksters want those loans repaid at usurious interest rates and the Greeks are, like, “Nuh-uhn.” Expect default shortly, because there’s literally no downside for Greece right now, given that now they are actually collecting more taxes than they’re spending.
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