Greece, Guns, Bankers, & Gold…”Bankers use social welfare and military warfare spending as their primary means to indebt sovereign states.”

Wednesday, August 5, 2015
By Paul Martin

By Darryl Robert Schoon
GoldSeek.com
Wednesday, 5 August 2015

.there was an element of hypocrisy..being leveled at Greece by France and Germany. It’s hypocritical to ignore the fact that a not insignificant amount was spent on buying [expensive] weapon systems from EU members Germany and France.

Helena Smith, TheGuardian, April 19, 2012

EU bankers have framed the Greek crisis as that of a spendthrift nation whose profligate pensions are the primary reason for its bankruptcy. There’s another reason, however, i.e. Greece’s bloated military budget—a budget which primarily benefits its EU and NATO allies.

As a proportion of GDP, now-bankrupt Greece spends twice as much as any other EU member on defense. On June 15, 2015, The Financial Times noted: One of the oddities of Greece’s bailout programme has been that, despite five years of punishing austerity, its military budget remains amongst the highest in the EU…as of 2013 Greece was still spending more as a percentage of gross domestic product than any other NATO ally save the US or Britain…

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