Germany 2013, 58 minby Arpad Bondy
Billions of euros were poured into European financial institutions to prevent them from failing. But where is this money really going? Who do the ailing banks owe? 50 billion euro to Greece, 70 billion to Ireland, 40 billion to Spain – one Euro state after another has found itself forced to prop up its banks by pumping in huge sums of money to cover the losses that the financial institutions themselves incurred from bad loans. But where are these billions of euro actually going? Who is benefitin
THE SECRET BANK BAILOUT
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