The hidden Greek bailout — a €50 billion privatization of state-owned assets

by Gaius Publius on 6/29/2011 08:45:00 AM

A quick follow-up to this report from Chris in Paris on the ongoing attempt by Greece to substitute austerity for default (and the parallel attempt by the governments of creditor banks to loan Greece enough money to indirectly bail out its bankers — remember, those loans will end up in bankers' pockets).