reply to post by ColCurious
Very simple. I'm describing Europe as a Country in a whole, no matter what pretend borders they have up.
Greece is poor, high unemployment, more people are willing to take lesser paying jobs. Corporations come in and hire these minimal wage people to do
work for them. These corporations are owned by the people in the richer nations such as Germany and France, Money gets transferred that way.
I'm
assuming that Europe wanted their own little India/China of cheap labor for their corporations, one they can control more closely and lend
to their citizens in their revolving cycle of poverty the will find themselves in.
Also another point that a lot of people seem to forget is that the reason why their needs to be more money from the Euro money pool pumped into Greece
than any other Country is because Greece is at the front-line of Europe, when the Euro opened and we saw a massive influx of illegal immigrants enter,
their entry point is Greece, where they hang around for a few months before trying to figure out how to move onto the country of their choice. Greece
should and needs to be offered a lot of money for being the border protection for all of Europe and there are a lot of problems that come hand in hand
with illegal immigration and trying to fight it.
Even with the money Greece owes, where do you think the money went? did the money disappear in thin air? The money was borrowed from Germany and
France, and eventually made its way back to their economies one way or another. The Greeks didn't just borrow a whole lot of cash and then have a
massive Euro burning party, and also the majority of it didn't go back into Greece because if it did their economy would be a lot stronger.
For example, one not perfect but it was my first search, so I'm guessing there is plenty more.
Siemens in a German Corperation.
The 2008 Siemens scandal in Greece was a corruption and bribery scandal that hit Greece over deals between Siemens AG and Greek government officials
during the 2004 Summer Olympic Games in Athens[1] regarding security systems[2] and purchases by OTE in the 1990s.[3] Charges have, as of 27 August
2008, not been bought against any specific individual, as under Greek law charges can be filled against "any responsible person".[3] So far, no
wrongdoing has been proved, either by Siemens, by Greek government officials, or anyone else.
So Greece borrowed money from Germany to build infrastructure for the Olympic Games, and overpaid a German Company to do the work. So did the money
ever enter Greece? Which economy benefited from this transaction?
