Saturday, January 25, 2014
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Details revealed about the E U Greece loan
The loan contract template of the EU loans toward Greece was published recently.
Among one of the most interesting details, one that was speculated, but not verified, was that the Greek puppet/traitorous government was trying to convert our 300 bn non guaranteed debt (which is in the form of Greek bonds, governed by Greek law) to bilateral guaranteed loans which are practically un-defaultable.
So, all in all, while the Greek government was able to default without real consequences regarding its assets, the traitors have now signed that the 80 bn euro EU deal is
a) 100% binding
b) non-defaultable
c) backed by undefined Greek assets (which will be auctioned or taken in case of payment failure)
d) governed by UK law and subject to European courts in case of dispute.
Details revealed about the E U Greece loan
Among one of the most interesting details, one that was speculated, but not verified, was that the Greek puppet/traitorous government was trying to convert our 300 bn non guaranteed debt (which is in the form of Greek bonds, governed by Greek law) to bilateral guaranteed loans which are practically un-defaultable.
So, all in all, while the Greek government was able to default without real consequences regarding its assets, the traitors have now signed that the 80 bn euro EU deal is
a) 100% binding
b) non-defaultable
c) backed by undefined Greek assets (which will be auctioned or taken in case of payment failure)
d) governed by UK law and subject to European courts in case of dispute.
The deal can be found here and is in Greek. Special mention to page 32 note 11, where it says that national sovereignty is bypassed in order for the borrower to take the property) in case of economic confiscation (to repay).
The implications are staggering
a) No sane government with the interest of its citizens would do this kind of deal
b) The borrowers are given motive for Greece to bankrupt so that they can confiscate Greek property and assets
c) Why should Greece pay 5% interest rate in these loans, when they are covered by such guarantees? Increased loan interest represent danger. Guaranteed loans have minimal risk. Only an idiot (or a traitor) would accept both high interests AND guaranteed return. Interest rate should be around 2.5 - 3% max. Which means the extra 2-2.5% equates with damage of approximately 1.8 bn euros per year (!). For comparison purposes 80 bn euros X 3% interest X 5 years period = 92 bn euros repayment while 80 bn euros X 5% interest X 5 years period = 102 bn euros repayment (+10 bn euros!).
d) If the Government wanted low-cost borrowing, they could have used guaranteed low-cost loans prior to the IMF+EU deal. Instead they kept insisting on using the bond market in order for the IMF+EU deal to become necessary (due to rising interest rates).
All this is obviously caully pre-planned and Greeks are losing their country without knowing what the Government is signing behind their back. Hope we wake up before its too late.
Update Saturday June 5th: The deal is hitting mainstream media like naftemporiki.gr but is far from becoming widespread knowledge.
Update 2 Saturday June 5th: In ANT1 news station it was said that the deal details which are now revealed, are almost colonial and extremely detestable. Mention was also made on how the Europeans will have the power to spend the money that is borrowed to Greece, on contracts of their own liking.
The implications are staggering
a) No sane government with the interest of its citizens would do this kind of deal
b) The borrowers are given motive for Greece to bankrupt so that they can confiscate Greek property and assets
c) Why should Greece pay 5% interest rate in these loans, when they are covered by such guarantees? Increased loan interest represent danger. Guaranteed loans have minimal risk. Only an idiot (or a traitor) would accept both high interests AND guaranteed return. Interest rate should be around 2.5 - 3% max. Which means the extra 2-2.5% equates with damage of approximately 1.8 bn euros per year (!). For comparison purposes 80 bn euros X 3% interest X 5 years period = 92 bn euros repayment while 80 bn euros X 5% interest X 5 years period = 102 bn euros repayment (+10 bn euros!).
d) If the Government wanted low-cost borrowing, they could have used guaranteed low-cost loans prior to the IMF+EU deal. Instead they kept insisting on using the bond market in order for the IMF+EU deal to become necessary (due to rising interest rates).
All this is obviously caully pre-planned and Greeks are losing their country without knowing what the Government is signing behind their back. Hope we wake up before its too late.
Update Saturday June 5th: The deal is hitting mainstream media like naftemporiki.gr but is far from becoming widespread knowledge.
Update 2 Saturday June 5th: In ANT1 news station it was said that the deal details which are now revealed, are almost colonial and extremely detestable. Mention was also made on how the Europeans will have the power to spend the money that is borrowed to Greece, on contracts of their own liking.