Harald Hau, 27 July 2011
Last week, the European heads of government added â¬109 billion to the existing â¬110 billion rescue plan for Greece. As Europeâs financial sector would have otherwise taken a huge hit, this column address the question: How did the financial sector manage to negotiate such a gigantic wealth transfer from the Eurozone taxpayer and the IMF to the richest 5% of people in the world?
Full Article: Eurozone bailout: Taxpayer transfer to the wealthy?
Last week, the European heads of government added â¬109 billion to the existing â¬110 billion rescue plan for Greece. As Europeâs financial sector would have otherwise taken a huge hit, this column address the question: How did the financial sector manage to negotiate such a gigantic wealth transfer from the Eurozone taxpayer and the IMF to the richest 5% of people in the world?
Full Article: Eurozone bailout: Taxpayer transfer to the wealthy?