Greece: Bailout was used to save the German, French and Italian Banks

"We gave Greece 250 billion. Euro, but not for the pensions of the Greeks, but to pay interest to the banks," says D'Alema explaining that we have a single currency, but with different levels of competitiveness and economic strength.

"In a poor country like Greece, enormous sums are being transferred to a rich country like Germany by the difference in interest rates. The poor country is getting poorer, the rich country richer , "said D'Alema.


"When the impoverished country can no longer pay debts therein comes the European aid. We gave Greece 250 billion. Euro, but not for the pensions of the Greeks, but to pay interest on the German, French and a small percentage in Italian banks. Two hundred and twenty billion of the Euro 250 billion assistance went directly to the German, French and Italian banks, "notes the executive of the Italian center-left.

And he stresses: "In fact, when it is said that we pay the pensions of the Greeks-this is a lie we do not, we pay the German banks. This is true. This is money making a circle, but the Greeks did not even get a wiff of the moneys smell. "