How much has the Greek debt crisis cost European taxpayers? – utalk

This week on U-talk, Sarah from Dublin asks:

“How much has Greek debt crisis cost European taxpayers?”

Gregory Claeys, an economist with Bruegel, a Bruxelles based think-tank replied:

“For the moment, the Greek debt crisis has cost European taxpayers nothing. The reason is that the help given by the European partners to Greece has been provided purely through loans.

Basically, European partners have been borrowing money from the financial markets and then lend that money to Greece.

They ha…
READ MORE : http://www.euronews.com/2015/02/18/how-much-has-the-greek-debt-crisis-cost-european-taxpayers

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