Scandal: Greece To Receive “Negative” Cash From “Second Bailout” As It Funds Insolvent European Banks | ZeroHedge
Incredible. Greece was already only receiving $0.19 for every $1 in bailout funds. Now greece to receive ZERO bailout funds under 2nd bailout “agreement.” All funds to be used to pay off maturing bonds and interest. The kicker is that Greece will have to fund the very escrow account that is being set up to bail out Greece…So the ponzi continued with the Greek bailout being used as a vehicle to bailout insolvent European banks.