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