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Like the old folk song, “Where Has All The Money Gone,” , Greece has allocated just 11 percent of the total funding, or circa 27 billion euros” to operating costs. All the rest want for interest, etc. to creditors.
Only 11% of IMF, etc., funding got back to operating Greece? I see, borrowing to pay creditors.
“Can I borrow billions just to pay the interest on what we already owe?”
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