From: "Noam Chomsky" >
To: "Jeffrey E." <jeevacation@gmail.com>
Subject: RE:
Date: Mon, 29 Jun 2015 02:28:33 +0000
Inline-Images: image001.png
According to economists who have been trying to investigate the details, about 90% of the payments to Greece actually
go to the German and French banks who made risky investments and want to be paid off. So in effect Greeks are paying
the northern banks for debts that the people never incurred. These should, I think, be considered "odious debts," and
radically restructured or cancelled.
Interested to hear about Barak. Wouldn't have expected it.
From: Jeffrey E. [mailto:jemeacation@gmail.com]
Sent: Sunday, June 28, 2015 5:43 AM
To: Noam Chomsky
Subject:
Greece's circular repayment situation
Country needs new bailout funds to pay back earlier bailout
International
r
lenders
€7.2bn European
Funds currently Central Bank
being withheld
until reform Eurozone
package countries
is agreed
Greek
government
€1.6bn
Due 30 June, failure to
pay will cause a 'default'
I thought this chart was a great example of what i have been telling you. // right pocket to left pocket.. the
accounting for it is even stranger. . as it is an interest payment , they record income. ? if the interest rate is high,
you would call it predatory lending. if it was low you would call it a bail out. all silly.
2 . the Chomsky questions? ..
3. Ehud agrees with a great deal of your views . disagrees with some observations of yours. has great respect for
you.
EFTA01198059