A prominent economist says China's banks are circling debt-stricken countries like Greece, offering an alternative to the brutal austerity measures proposed by the International Monetary Fund and European Union.
Former adviser to the IMF and the World Bank, John Perkins, told the ABC's The Business that China's Asian Infrastructure Investment Bank (AIIB) and the BRICS bank were courting countries like Greece.
Mr Perkins said he believed China had sent people to Greece to offer an alternative bailout deal.
"If I were the finance minister running the system I would seriously be looking at that alternative. I think that the Chinese are presenting a competitive edge here," he said.
Mr Perkins revealed in his international bestseller, Confessions of an Economic Hit Man, how international organisations like the IMF and the World Bank enslave countries like Greece by offering crippling and unsustainable loans which never deliver the economic growth they promise.…ABC (AU)
Greece should turn to China to break debt spiral, economist John Perkins says
Elysse Morgan, finance reporter
4 comments:
Herr Schauble might get his ass kicked if Greece were to mention that China was suggesting deals that involved Chinese naval and air bases in Greece.
Oh dear! If SETI triggers intelligent alien visits ... will humans ask them to get us all out of debt to ourselves? :(
Probably just lead to interplanetary balance of payments issues.
Aliens would ROLF over it. It's impossible an Alien race could get the capabilities to interstellar travel and be boggled down but stupid human-things like paper shuffling. Something if we continue to exist will overcome probably in the next century (or just go extinct).
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