While we expained in great detail exactly what "good" the previous bailouts for Greece did for the Greek people, we thought the following gif was easier for many to digest.
How to explain in one gif, why the loans never helped the Greek people pic.twitter.com/IxBs0nHTM8— ???????? (@alepouda) June 26, 2015
Please note these are cats: we have not stooped to abusing kittens for our own personal gain.
Here is the somewhat more sophisticated explanation why the bailout (of European banks) failed:
Which it is clear Greek officials understand all too well:
- GREECE OFFL: PROPOSAL LEADS TO WORSE BAIL-OUT DEAL AT YEAR-END
- GREECE OFFL: CREDITORS LIQUIDITY PROPOSAL HAS FUNDING GAP
- GREECE OFFICIAL: CREDITORS PROPOSAL ADDS TO AUSTERITY