A Greek Tragedy ?

Greeks can be blamed only partially for what is hurting them so deeply now

The real culprits are those who kept on lending money to Greece !

Greek story could have been very different – and far less painful – but for ,

Ø First bailout     ( May 2010 ) ……………….. $  146  Billion

Ø Second bailout ( July  2011 )  …………..    $  157  Billion

Ø Third bailout    ( Feb 2012 )  ………………   $  170  Billion

And here is a list of those “ friendly countries “ and how much money they have lent to Greece :

Ø France  ……………………………………………………$  56.7  Billion

Ø Germany  ……………………………………………… $  33.9  Billion

Ø UK ……………………………………………………………$  14.6  Billion

Ø USA ………………………………………………………….$  7.3   Billion

Ø Italy  ………………………………………………………..$  4.0   Billion

Ø Switzerland  ……………………………………………..$  2.8  Billion

Ø Japan  ……………………………………………………… $  1.6  Billion

Ø Spain  ………………………………………………………. $ 0.9  Billion

A true friend does not serve you ready dinner – no matter how hungry you are !

He teaches you , how not to be lazy - how to fish !

With regards

hemen  Parekh