Stop the Second Bailout Package! EU Should Admit Greece is Bankrupt

Greece is bankrupt and will need a 100 percent debt cut to get back on its feet. The bailout package about to be agreed by the euro finance ministers will help Greece's creditors more than the country itself. EU leaders should channel the aid into rebuilding the economy rather than rewarding financial speculators for their high-risk deals.
Anti-austerity protests in front of the Greek parliament on Sunday.

Anti-austerity protests in front of the Greek parliament on Sunday.

Foto: Simela Pantzartzi/ dpa
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