pennine: Poor Greece, birthplace of Democracy, I pray for her restoration her Freedom & her Glory once again.
Courtesy of Peter, & New Silk Strategies
Germany’s Abuse of Greece
We thought the following report from german-foreign-policy.com (our translation from the German) was of interest for at least 2 reasons:
ATHENS / BERLIN (Own report) – Germany makes millions off of the Greek debt crisis thanks to loans and government bonds. This is confirmed by the Federal Government. Accordingly, German profits from financial transactions with Greece now stand at around 1.34 billion euros. In addition, German companies are profiting from the forced sale of Greek state property; in the most recent instance of this, a German investor purchased, in a joint venture with a very rich Greek, oligarch, the majority shares of the port of Thessaloniki. At the same time, since increasing poverty forces people to buy cheap food, the German discounter Lidl is able to increase its market shares in Greece against its supermarket competitors. Little noticed crisis profits allow for the mass emigration of highly qualified Greeks in particular. Many Greeks are employed in Germany, their expensive education having once been paid for by Athens, but their skills are now exploited by the Federal Republic — free of charge.