GREECE HEALTH SERVICES DECIMATED TO PAY FOR BAILOUTS

Accounts with the Bank of Greece for most of the country's hospitals were looted of about 70% of their total to pay for the bailouts that Greece does not and should not need to pay.

What this will do to the health of the nation is obvious; genocide.

And it will not stop at Greece.

The illegally denied default of Greece entered a dramatic new phase this afternoon with the revelation by mainstream Greek public health website Health News that, shortly before midnight on March 8th – the eve of Greece’s psi completion on Friday March 9th – on average 70% of public utility funds in various large, interest-bearing accounts at the Bank of Greece were raided. These included most of the State’s regional hospital budgets, various universities and (it is alleged) at least one utility company.

The shortfalls came to light late last week and this morning as various hospital purchasing cheques in particular began to bounce. The monies – estimated by one source to total some 1.4 billion euros – appear to have been used to pay off the tiny minority of private sovereign creditors who, under the original terms of their bond purchase, were entitled come what may to full payment of the bond’s yield entitlement.

Setting aside the amoral audacity of this act, it does yet again raise the issue of a Greece so utterly lacking in any real funds in the real world, that to pay off a minute proportion of the bondholders it had to resort to such a desperate measure.

[source : Greek Government Robbed Public Institutions to Complete the Bond Swap, Global Research, http://www.globalresearch.ca/index.php?context=va&aid=29996, 27/03/2012]