"The EU has a wealth of experience in
providing financial assistance to its members in such a way that this
assistance is not seen by these countries," told Pravda.Ru
Serbian economist Branko Pavlovic. "In the case of Greece, it was only
formally aid to Greece, but in reality funds were allocated to banks
owned by legal entities from Germany and France. For example, Romania
was allocated 8 billion euros, but Romania did not manage to fulfill the
conditions under which it could spend the money, so in reality it only
managed to use one billion euros.
Third, when the recipient country
manages to get money from the EU, 85 percent of the funds received
should be later returned to legal entities of the countries involved in
their provision. In fact, funding by the EU is at best a cover for the
financing of the economies of the first tier and never leads to the
development of the economy of the countries receiving the assistance.
Moreover, the economy weakens and debts only increase." ***Read full article here***
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