http://www.deccanherald.com/content/207676/imf-readies-600-billion-euro.html
This is nothing but refinancing the loan given by Private Commercial Banks, bailing them out. Italy or any other debt ridden country will never be able to pay back the loan in the next 10 years, given the state of growth and level of motivation in those countries.
The lendors have lent the money knowing very well that this will happen.
This is one way of strangulating the political and economic freedom of borrowing countries. See what happened in Greece. Berlo has to resign and the entire cabinet is now chosen by the lenders.
They have to do as dictated by the lender country. Sell natural resorces such as minerals, oil producs and commodities at prices determined by the lendors.
Give lease of land and sea for military bases of lendor countries.
This is political and economic colonisation of countries.
This is nothing but refinancing the loan given by Private Commercial Banks, bailing them out. Italy or any other debt ridden country will never be able to pay back the loan in the next 10 years, given the state of growth and level of motivation in those countries.
The lendors have lent the money knowing very well that this will happen.
This is one way of strangulating the political and economic freedom of borrowing countries. See what happened in Greece. Berlo has to resign and the entire cabinet is now chosen by the lenders.
They have to do as dictated by the lender country. Sell natural resorces such as minerals, oil producs and commodities at prices determined by the lendors.
Give lease of land and sea for military bases of lendor countries.
This is political and economic colonisation of countries.
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