Deutsche
Bank considers the possibility of a haircut of Greece’s public debt
by the end of the year ‘inevitable’, according to a report in
German tabloid Bild.
The
newspaper cites a classified Deutsche Bank internal circulation
document which allegedly states that the Greek debt must be reduced
by about 200 billion euros. This turns out to about 700 euros for
each citizen in the Eurozone, states Bild.
The report
further notes that by the end of 2015 Greece’s public debt will be
340 billion euros, 200 percent of GDP, far more than what European
regulations allow. This, in turn, means that no economist truly
believes Greece will be able to repay its debts.
The tabloid
however adds that should a haircut of the Greek debt be deemed
necessary, the decision to carry it out will be less of a financial
one and more of a political one, and it will be made after
negotiations between Athens and creditors.
Source:
This means
that each European would have to pay (again) an additional amount of
700 euros for the banksters, since we should not forget that
"creditors had been acting in bad faith, knowingly burdening
the country with unsustainable loans to save French, German and Greek
private banks." (fa.ev/a-brief-description-of-financial-war)
Greek people
have paid, and still pay the banksters with cuts in pensions, wages,
labor rights. Another banking re-capitalization is about to be
imposed by the creditors at the same time when they demand more cuts
and austerity.
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