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Debt crisis in Greece The Institution

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Published on Mar 19, 2023

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Claus von Wagner explains to Max Uthoff how capitalism works in the Greek debt crisis. https://www.zdf.de/comedy/die-anstalt The Greek debt crisis has not cost the German taxpayer a cent. This is because the Greeks received a loan from Germany. As a result, Greece paid 360 million euros in interest to Germany. This means that Germany is profiting from the crisis. In addition, 89 percent of the money from the loan, over 200 billion euros, went to the banking and financial sector. Only 11 percent went into the state budget. So the Greek citizens saw as much of the money as the guest workers in Sochi saw from the Olympic Games. In the end, the poorest Greek households lost 86 percent of their income and cancer drugs were cut in hospitals. But of course the debts have to be paid off first before anything can be invested in one's own country. Shocked by these facts, tavern owner Serdar Somuncu decides to hang himself. Recording from March 31, 2015. ___ Eloquent, unconventional and with plenty of satirical edge: Max Uthoff and Claus von Wagner explain the issues that concern the nation - live from the Anstalt. The Anstalt in the ZDF media library: http://kurz.zdf.de/UbH1V/ ZDF Satire: / zdfsatire Netiquette: https://www.zdf.de/netiquette-104.html The fact check: https://www.zdf.de/comedy/die-anstalt... ___ #Capitalism #dieanstalt #zdfsatire

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