[MGSA-L] ESMT Berlin study: How Greek bailout money has been spent and the political implications

aggel kouma aggelikikoumanoudi at gmail.com
Wed May 4 06:52:30 PDT 2016


Berlin, May 4, 2016
ESMT Berlin study shows how Greek bailout money has been spent and the
political implications

New research by Prof. Jörg Rocholl <https://www.esmt.org/jorg-rocholl>,
President of ESMT Berlin, and Axel Stahmer
<https://www.esmt.org/axel-stahmer>, ESMT Berlin, analyses the actual
amounts provided to the Greek government in the three bailout programs
since 2010. Using solid data, the researchers decipher where the money came
from and where it went. They find that most of the billions provided by the
various EU stability programs and the IMF were used to repay existing debt,
and they derive five political implications for future Greek financing
decisions. Contrary to widely held beliefs, after interest, debt
repayments, costs for bank recapitalization and debt restructuring less
than €10 billion or a fraction of less than 5% of the first two programs
went to the Greek fiscal budget.

For more follow the link:

https://press.esmt.org/Greek_bailout

-- 
Dr. Aggeliki Koumanoudi
--------------------------------------------
*"Ένας ψύλλος μπορεί να πηδήξει 350 φορές το ύψος του σώματός του"*
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