Former White House Official – Greek Crisis Now Threatening The Entire Global Financial System

Monday, February 16, 2015
By Paul Martin

KingWorldNews.com
February 16, 2015

With talks between the EU and Greece reaching the boiling point, a former White House official warned that the Greek crisis is now a threat to the entire global financial system.

Former White House official David Stockman: “The Greeks owe something like $350 billion. $60 billion of it is owned by Greek banks. The rest of it is (owned by) the EU — $210 billion — and another $30 or $40 billion by the IMF.

So the issue in the short-run is the taxpayers in all the countries of the EU…because the debt has been transferred from the banking system — that’s what all these bailouts were about — to the taxpayers of the EU.

The Rest…HERE

One Response to “Former White House Official – Greek Crisis Now Threatening The Entire Global Financial System”

  1. I think he means the entire corrupt ponzi scheme. I hope Greece stand their ground and does not give in to these criminals.

    #1144753

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