A video about small Greek bondholders who lost their money when the previous Greek government imposed 74% losses on investors, including those who had put up their savings to benefit their homeland, has gone viral on the Internet.
A woman stops her car to help a motorcyclist who had an accident. She runs toward him and puts him in her car. The motorcyclist asks her to fetch him something from his motorcycle and he finds the chance to steal her car.
He has however…the kindness to leave on the roadside her little baby that was in the car. The video seems to be ending at that point, but suddenly the thief comes back and asks the desperate woman to give him 20 euros in order to put gasoline!
This is a simile to describe the case of Greece’s small bondholders. Greek savers were urged not to deposit their money in a bank or send it abroad, but to help the Greek State by buying Greek Government Bonds offering fixed interest rate for five years (5.82% while the banks offered 5,3%).
According to the information given in the video by the Association Natural Persons of Greek government Bonds, “almost 15,000 families were deceived, as they never got their money back by the Greek State, who grabbed the savings of a lifetime. Most of these people are in despair. The overriding public interest is the trust that citizens should have towards the state.”
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