Edwin Black Quotes
When the Reich could no longer pay its obligations, Germany would go bankrupt.
Black, Edwin. The Transfer Agreement: The Dramatic Story of the Pact Between the Third Reich and Jewish Palestine. Macmillan, 1984.
His predecessors had lied about the status of the Greek Economy and then squandered the money with waste, fraud, and corruption. To avoid total national bankruptcy, Greece needed a large bailout which was given subject to a set of required conditions of reform and transparency. This “austerity” package created a great hardship for many of the average Greek citizens while the wealthy who had benefitted from the previous incompetence and corruption took their money out of the country. The Greek voters elected a new government without much experience but who were committed to lifting the burden of the austerity package. The problem was that the major nations of the Eurozone, whose taxpayers would have to pay for the bailout, had been burned before by Greek government lies and incompetence and did not trust the Greeks, insisting on the austerity measures if any bailout money would be forthcoming. The new Greek government was caught in a great dilemma. Agree to the same kind of Austerity package and continue the great hardships on the people or go into Bankruptcy and leave the Eurozone the consequences of which would probably be worse. The finance minister was hoping for a compromise.
Edwin Black is an American historian and author, as well as a syndicated columnist, investigative journalist, and weekly talk show host on The Edwin Black Show. He specializes in human rights, the historical interplay between economics and politics in the Middle East, petroleum policy, academic fraud, corporate criminality and abuse, and the financial underpinnings of Nazi Germany.
