Heeft deze posting niets met online recruitment te maken? Fout, deze posting heeft alles met online recruitment te maken. De gezondheid van onze economie, en daarmee de gezondheid van onze arbeidsmarkt en daarmee de gezondheid van online recruitment heeft alles te maken met hoe Euroland haar zelfgemaakte teringzooi opruimt. Of dit nalaat. Volgens dit artikel in ZeroHedge is Griekenland het begin van een clusterfuck die haar weerga niet kent. Inderdaad; Griekenland zal niet het laatste Euroland zijn die kopje onder gaat en tijdens dat proces op ongekende wijze wordt misbruikt. Wat niet veel goeds betekent voor de gezondheid van onze economie, en daarmee …

Lees en huiver:

Earlier today, we learned the first stunner of the Greek "bailout package", which courtesy of some convoluted transmission mechanisms would result in some, potentially quite many, Greek workers actually paying to retain their jobs: i.e., negative salaries. Now, having looked at the Eurogroup’s statement on the Greek bailout, we find another very creative use of "negative" numbers. And by creative we mean absolutely shocking and scandalous.

First, as a reminder, even before the current bailout mechanism was in place, Greece barely saw 20% of any actual funding, with the bulk of the money going to European and Greek banks (of which the former ultimately also ended up funding the ECB and thus European banks).

Furthermore, we already know that as part of the latest set of conditions of the second Greek bailout, an ‘Escrow Account" would be established: this is simply a means for Greek creditors to have senior claims over any "bailout" cash that is actually disbursed for things such as, you know, a Greek bailout, where the money actually trickles down where it is most needed – the Greek citizens. Here is where it just got surreal.

It turns out that not only will Greece not see a single penny from the Second Greek bailout, whose entire Use of Proceeds will be limited to funding debt interest and maturity payments, but the country will actually have to fund said escrow! You read that right: the Greek bailout #2 is nothing but a Greek-funded bailout of Europe’s insolvent banks… and the Greek constitution is about to be changed to reflect this!