Mar 25

Greece To Surrender Gold, Utilities and Real Estate in Exchange For Pieces of Paper Printed in Brussels:

It’s official: The Germans will not allow debt relief for Greece. Instead, Berlin wants to send in the repo man.

The untold story of the Greek “bailouts” is that it wasn’t a “bailout” — it was an auction of Greek assets. Real, tangible things with real, tangible value were seized in exchange for pieces of paper that guarantee Athens will be chained to Berlin and Brussels for the foreseeable future.

H/t reader squodgy:

“The quiet raping of Greece and its people.”

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