Thursday, June 25, 2015

Greek debt nightmare in a simple graph

As "negotiations" (mere charade and posturing, particularly on the creditor side) are and will be going nowhere (Lagarde and the Germans are sabotaging any possible deal) I found this nice explaining graph at RT "live updates" page on the matter:

So what Greece has got in five years of total surrender is a multiplication of its debt x4, a slashing of its economy by a whole quarter and no light at the end of the tunnel. No matter how bad it is, bankruptcy is clearly much better.

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