Banksters will lend more money to Greece to enable it to pay back money previously lent to it by banksters. Any dribble from this money actually helping Greece is purely accidental as is any resemblance of this plan to sanity. Instead, further onerous conditions will be forced upon Greece. Banksters will attempt to grab whatever carrion is left, perhaps by “privatizing” state-owned buildings and services or buying assets for pennies on the dollar.
That said, by now nobody cares as pretty much everyone has figured out the game, which will continue on its unsustainable path until one day it no longer can.
The lent money will of course can never be paid back. Sooner or later, Greece will default and the house of cards financial structure corrupt and inept bankers have created in Europe will come crumbling down.
Greece currently is paying back bailout debts to banksters using money loaned to it by banksters to pay off its debts. Such derangement can not long continue of course. Greece will run out of money to service debt sometime this year and will either need yet another bailout or to do what Iceland did and repudiate the debt.
The debt gives the banksters huge leverage to pillage and privatize, stripping Greece country of resources while further enriching their own corrupt fortunes, all in the name of “austerity.”
The scam works like this: bailout money is allegedly given to Greece, but Greece cannot really touch it. Instead the money goes right back to the Troika for interest and capital payments, with perhaps a miniscule portion finally getting to Greece.
First the banksters impoverished Greece, now they are stripping it of assets, all in the name of “austerity”, which in reality translates to more money for the 1% and less for everyone else. The banksters played a major role in the collapse of our economic system through their securitization of garbage mortgages, outright criminality and fraud, and corrupting governments as well as buying Greek bonds they knew damn well were junk, rightfully assuming governments would bail them out should the bonds go south. And they were right. The financial mafia of interlinking big banks and government officials has made sure the rest of us will pay for their sins and greed. Or so they hope.
Austerity is good for Greece, say the banksters, as they continue to rape that country in order to be paid back in full on bonds they bought and loans they made which they knew were almost as much bottom-dwelling junk as they are. The result of this austerityÂ is Athens is now filled with smokeÂ as residents burn wood (and chop down forests) for heat since they have deliberately been impoverished and can no longer afford heating oil.