Wednesday, July 15, 2015

WHO WON? GERMANY OR GREECE?

The press is awash in articles and commentaries proclaiming that Greece has been humiliated and that Germany has won.

But that assessment depends on the -erroneous- assumption that the Greeks will eventually pay.

They can't and they won't.

So who won?

RELIAPUNDIT ADDS:

The banks who held Greek paper got bailed out; they won. The European taxpayers have lost. And anyone who likes democracy.


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