Bailouts = more and more loans which Greeks can't pay back.
They will be made to pay them back with their assets - water, electricity, land. Banks and corporations will own Greece.
The more loans they get the worse it is for them. More austerity is like getting blood from a stone.
And Greece is the tip of the iceberg. Italy and Spain are much bigger economies.
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papandreou's reason for a referundum, page-6
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