Guess which country has bought up the most countries in Greece?

That’s right, the country’s chief tormentor, Germany.

Zing!

 

 

But still the  Greek economy has shrunk by about 25% since 201o, when the European troika of the International Monetary Fund, the European Commission and the European Central Bank  insisted Greece cut costs.

As a result, the Greek economy, after looking quite promising in 2008, has tanked. Punters have pulled their money out of Greek banks with increasing urgency.

 

Now Nobel laureate economist is calling the EU troika out for snuffing out the Greek economy.

“They have criminal responsibility,” he says of the so-called troika of financial institutions that bailed out the Greek economy in 2010. “It’s a kind of criminal responsibility for causing a major recession,” he just told Time magazine. 

 

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