According to this article on SFgate.com: http://www.sfgate.com/news/article/Athens-police-plan-crackdown-ahead-of-Merkel-visit-3928336.php#ixzz28k0tANUL
"Germany has contributed the most money to Greece's bailouts, compared to the other eurozone members, because the size of its economy means it pays the largest amount to the region's rescue funds. However it has also been Athens' strongest critic, insisting that Greeks take on more austerity measures and reforms to right their economy and remain solvent..."
This is the definition of "contribute", according to dictionary.reference.com:
1. to give (money, time, knowledge, assistance, etc.) to a common supply, fund, etc., as for charitable purposes.
2. to furnish (an original written work, drawing, etc.) for publication: to contribute stories to a magazine.
So now I am confused. My understanding is that Germany/Other European countries are loaning money to Greece so that Greece can get out of debt. And then Greece will be paying the interest off for the next 100 years (fucken Germans lol). Yet this article suggests that Germany is giving money to Greece. Which would mean that there is no interest charge.
Surely this article (written by a Greek no less) must be 100% accurate, because everything on the Internet is accurate, right?
So someone please clarify: How do contribute? ¯\(°_o)/¯
"Germany has contributed the most money to Greece's bailouts, compared to the other eurozone members, because the size of its economy means it pays the largest amount to the region's rescue funds. However it has also been Athens' strongest critic, insisting that Greeks take on more austerity measures and reforms to right their economy and remain solvent..."
This is the definition of "contribute", according to dictionary.reference.com:
1. to give (money, time, knowledge, assistance, etc.) to a common supply, fund, etc., as for charitable purposes.
2. to furnish (an original written work, drawing, etc.) for publication: to contribute stories to a magazine.
So now I am confused. My understanding is that Germany/Other European countries are loaning money to Greece so that Greece can get out of debt. And then Greece will be paying the interest off for the next 100 years (fucken Germans lol). Yet this article suggests that Germany is giving money to Greece. Which would mean that there is no interest charge.
Surely this article (written by a Greek no less) must be 100% accurate, because everything on the Internet is accurate, right?
So someone please clarify: How do contribute? ¯\(°_o)/¯