European debt reaches the amount of 21 trillion euros!
According to recent information from the Greek public TV, Europe is drowning in debt, while Grexit would cost more than 1.5 trillion! The Greek journalists cited some data from a secret ECB report. We present them below translated, as well as the specific part of the video:
The European debt currently reaches the amount of 21 trillion euros. The parametric losses from a potential exit of Greece, or, inability to repay its debt, is more than 1.5 trillion for the whole European system.
Up to 2030, the Greek state, under the current debt situation, will have to pay 322 billion euros, from which, 160 billion are for interest rates (another whole debt). When Greece will (and if) manage to repay this debt, 300 billion more will be left to pay in 2030!
This information gives another reason of why the neoliberal unholy alliance (ECB, IMF, European Commission), wants to keep Greece locked inside the euro currency madhouse, apart from finishing the brutal neoliberal experiment and looting the country.
Furthemore, it highlights the very bad strategy of the Greek PM, Alexis Tsipras, who couldn't see that Greece actually had a strong negotiating position as it could blow up the whole eurozone. As a consequence, he fully retreated to the absurd demands of the euro-hyenas, signing a third catastrophic memorandum in summer 2015.
Tsipras should had listen his then minister of finance, Yanis Varoufakis, who rightly insisted that Greece should show to the ruthless creditors that it is not willing to retreat on their absurd demands and that is ready even to exit the eurozone. Varoufakis described recently how Angela Merkel actually sacrificed Greece to save the Franco-German banks.