BBC News – Greece: Who is being ‘bailed out?’

Greek leaders thought they had fulfilled their side of the bargain, yesterday, hammering out 3bn euros in extra budget cuts to qualify for their next round of international loans.

But at the meeting of eurozone finance ministers on Thursday, frustration at Greek foot-dragging seems to have won the day.

Those same politicians have now been told they have three days to come up with a bit more budget pain. And they have to all promise (in blood?) that they will stick with the programme, no matter what the voters might say in April.

International bailouts – and the debt crises leading up to them – are always pretty painful to watch.

You wouldn’t look very dignified either, jumping through hoops for your bank manager, with your back firmly against the wall (mixed metaphor intended).

Read more….

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About OyiaBrown

Please send me, as a comment to this page, any old material you have for inclusion in The Daily Joke Alert - to help enable us all to have our fancy tickled regularly! Never mind the state it's in as I tidy everything up prior to publication. Don't let good material go to waste - and so much does. In the interests of the environment we should always try to re-cycle everything, especially jokes. You know that makes sense! You may find some historical stuff here, but this does not really matter as humor is fairly timeless.

3 thoughts on “BBC News – Greece: Who is being ‘bailed out?’

  1. I am told that about 3/4 of the wealth in Greece is regularly shipped to Switzerland, tax free,making no contribution back to the country whatsoever. Fine lesson for Wall Street bankers, right?

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