Second Greek bailout a charade?

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Second Greek bailout a charade?Added:2012-02-22
By: theophilus		 Tags:
RTAmerica RT America RT RTTV US USA United States economics default economy world economy Greece Greek economy eu eurozone European central bank Euro World Economic Forum davos Switzerland athens ows occupy davos capitalism free markets dollar Portugal germany capital account Brussels austerity riots bailout
On Tuesday, the Eurozone finance ministers settled on a 130-billion-euro bailout for Greece. According to reports, the bailout was necessary to avert a default and the move comes after the Greek government cut thousands of public jobs which lead to many angry Greeks taking to the streets in protest. The deal is supposed to cut Greece's debt to GDP to 120.5 percent by 2020 which many critics are saying is pointless. Here is the latest on the Greek bailout. Like us and/or follow us: http://twitter.com/RT_America http://www.facebook.com/RTAmerica
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