Europe has given Greece the beauty of 354 billion in financial aid in 5 years, 36 of which to be paid by Italy, but the account has not yet been closed and for the future, Greece, according to the Monetary Fund, will need at least another 60 billion (36 of which in European loans) to reduce its debt and lengthen its duration.
The first aid plan from Europe and the IMF to Greece dates back to 2010 when 110 billion were announced for Athens in exchange for a very heavy austerity programme. The European states pledged themselves with bilateral loans: in the end they are 53 billion in addition to 20 from the Monetary Fund.
In 2012, Greece's second bailout plan: 53 billion in bilateral loans plus 131 billion from the State-saving Fund, 35 from the IMF and 130 from the ECB. Greek debt was restructured with a cut of 107 billion mainly paid by 97% of private individuals who held government bonds.
And the absurd that is now the highly unreliable Greek Finance Minister, Yanis Varoufakis calls Greece's credits "terrorists" unless he prepares to ask for new aid from Europe if the referendum does not send it home sooner: in the face of coherence.
