Bank Instruments for lease (Letters of Credit, bank guarantee, sblc, dlc)

Access Loan Ventures are direct providers of freshly cut bank instruments like BG (Bank Guarantee), MTN's (Medium Term Note), SBLC (Standby Letter of Credit) & DPLC's (Direct Pay Letter of Credit) CD's (Certificate of Deposit),  and just about every other type of financial instruments available through our network.

ALL OUR BG, SBLC AND LETTERS OF CREDIT ARE ISSUED BY TOP PRIME AAA RATED BANKS LIKE BARCLAY'S BANK LONDON, DEUTSCHE BANK AG GERMANY, HSBC, STANDARD CHARTERED BANK ETC. 

• Bank Guarantee (BG) in US$ or Euros
• Standby Letter of Credit (SBLC) in US$ or Euros
• Medium Term Notes (MTN’s) in US$ or Euros
• Treasury Bills (T-Bill) in US$ or Euros
• Documentary Letter of Credit (DLC, SLC, LC) in US$ or Euros
• Promissory Notes in US$ or Euros
• Discounting of Bank Instruments

Our bank instruments can be engaged in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Roads, Bridges, Hospitals, Hotels, Condo, Real Estate and all kind of international business trading including oil/gas business, diesel, Gold Dust, Gold Bars, Rough Diamonds etc.

Below is our detailed terms and procedure for BG/SBLC.

Description of Instruments:

1. Instrument:             Bank Guarantee (BG) /StandBy Letter of Credit (SBLC)
2. Total Face Value:      Eur/USD 1Million (Min) to Eur/USD 5Billion (Max)
3. Issuing Bank:            Barclays Bank, HSBC, Lloyds Bank London, Standard Chartered Bank, Deutsch Bank AG,  Frankfurt  or any AA Rated Bank.
4. Age:                       One Year and  One Day
5. Leasing Price:           4% of Face Value a plus 2% brokers commission (1% for the lessee side and 1% for the lessor side, PLEASE NOTE, THIS BROKERS COMMISSION COMES INTO EFFECT ONLY IF THERE ARE BROKERS INVOLVED IN THE TRANSACTION)
6. Delivery:                  Bank-To-Bank Swift.
7. Payment:                 Wire Transfer
8. Hard Copy:               Bonded Courier within 7 banking days.


PROCEDURE:
1. Both parties (Lessor and Lessee) execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract.

2. Within 3 days after Both parties sign the Agreement, Lessor will issue a Notarized signed and sealed Corporate Refund Recourse Undertaking to the Lessee guarantying to refund Lessee all the cost incurred by lessee for the bank transmission charges (For swift MT760 BG/SBLC or Pre-advice MT799 or both as the case may be) after due execution of the contract.

3. Within 3 working days after Lessee receives Lessor's signed and sealed Corporate Refund Recourse Undertaking, Lessee will make payment by wire transfer into the Lessor's bank  account for the bank transmission charges for the BG/SBLC MT760 swift transmission or Pre-advice MT799 swift transmission or both.

4. Within Three (3) banking days after confirmation of receipt of payment of the bank transmission charges for the BG/SBLC MT760 swift in Lessor's bank account, the Lessor will deliver the BG/SBLC via bank confirmation of swift BG/SBLC MT760 to the Lessee's banker including the hard copy of the BG/SBLC via bank bonded courier in Seven (7) banking days.

5. Lessee pays Lessor the leasing fee and the brokers their commission fees not later than 21 banking days after the BG/SBLC hard copy is received and confirmed at lessee's bank. Should Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after 7 banking days of confirmation of BG/SBLC MT760 in lessee's bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee's bankers to return the BG/SBLC MT760 to the issuing Bank.

6. Any unauthorized calls or communication to bank (s) by any party or their representatives is highly prohibited and can result to contract termination.

7. The bank transmission charge of the BG/SBLC will depend on the face value of the BG/SBLC.   

8. The transaction can be completed/concluded within 7 days. It all depends on how fast the client wants to move.

If you need any further advise, information or assistance, do not hesitate to contact us immediately via Email or Skype. 

Our Skype ID: accessloans

Our Website: http://www.accessloanventures.com

Our Emails:  info@accessloanventures.com  and  accessloanventures@outlook.com 

Legoland

If you've been following any of my posts lately you may have seen that we like a bit of Lego, chez Scully. Last weekend we wet to Legoland, where everything actually is awesome. It was our second trip to Legoland California (and we went to Legoland Windsor last year too), and you might think that, well Pete loves sketching, he loves Lego, he loves sketching Lego, perfect yes? Well this was the only sketch I did, I was having too much Lego fun! It's a great place for a seven year old (I'm not seven by the way, I'm pushing forty). We stayed a night at the Legoland Hotel, in a knight-themed room, and spent a lot of money in the Big Shop. 

What was nice about this trip was we spent the afternoons either at the hotel pool or at the really fun Chima water-park. Legoland is small enough that you can fit a lot in all in the morning, and it wasn't particularly crowded, which was a surprise for the summertime. Last year at Windsor we waited almost an hour and a half just to get in! Here in Carlsbad there were very few long lines for rides (unlike at Disneyland), and we could just go back to the hotel for a rest if we wanted. 

The Star Wars section is better this year, with a huge Death Star and a bit where my son and I built little spaceships. Yes, everything was awesome. We will be back.

Contact Us Today For Your Loan, International Project Funding, Bank Guarantee, SBLC, DLC & Letters of Credit.

Skype: accessloans

Twitter:  @accessloankh

Website: http://www.accessloanventures.com

Email: accessloanventures@outlook.com OR  info@accessloanventures.com

Asia PPP Market Still Needing Development

Investment in public-private partnership (PPP) projects in Asia will see limited scope for growth over the next two to three years. Infrastructure specific headwinds in major PPP markets such as China and India, coupled with a still-challenging business environment in many ASEAN markets will continue to hinder private sector interest.

We believe interest in public-private partnerships (PPPs) in Asia will remain relatively subdued over the coming two to three years, and expect private investment only to gain significant traction beyond 2017. This is largely attributed to the fact that large PPP markets such as India and China will continue to face headwinds over the coming two to three years, with factors such as unfavourable market structures and high debt levels of companies limiting private investment. Meanwhile, in other markets within Asia, significant challenges to attracting private sector interest remain, and these include: a lack of legal frameworks to execute PPP projects, inadequate institutional capacity and financing constraints.

Data from the World Bank's Private Participation in Infrastructure (PPI) Database indicate that private investment in Asia (includes South Asia, East Asia and Pacific regions as defined by the World Bank) have been on the decline since 2010. In fact, investment in PPP projects hit a six year low of USD18.3bn in 2014, less than one third of the USD69.8bn invested in 2010. Similarly, the number of projects that reached financial closure has also been on the decline since 2011.

Declining Private Investment

East Asia and Pacific & South Asia - Investment In PPP Projects, USDmn

Contact Us Today For Your Loan, International Project Funding, Bank Guarantee, SBLC, DLC & Letters of Credit

Skype: accessloans

Twitter:  @accessloankh

Website: http://www.accessloanventures.com

Email: accessloanventures@outlook.com OR  info@accessloanventures.com

Buying organic veggies at the supermarket is a waste of money

It has happened to all of us. You're standing in the produce aisle, just trying to buy some zucchini, when you face the inevitable choice: Organic or regular?

It's a loaded question that can mean many different things, sometimes all at once: Healthy or pesticide-drenched? Tasty or bland? Fancy or basic? Clean or dirty? Good or bad?

But the most important question for many customers is: Is it worth the extra money?

The answer: Probably not.

Here's why:

Higher price doesn't really mean higher quality

It'll come as no surprise to most shoppers that organic produce is typically more expensive than the other options. In March, a Consumer Reports analysis found that, on average, organic foods were 47% more expensive than their conventional counterparts.USDA numbers bear out this difference too. The wholesale price of a 25-pound sack of organic carrots in San Francisco in 2013, for example, was more than three times the price of a conventional bag.

(It's worth noting that not all items see such drastic markups: Three-pound cartons of mesclun were only 23% more expensive, according to the USDA, and sometimes organic produce is actually the less expensive option—but that's a rarity.)

But this price difference does not just reflect the added cost of organic agriculture techniques: It's also because people will pay more for the label—often without knowing what it means. "Organic" has essentially become another way of saying "luxury."

As a study in the Proceedings of the National Academy of Sciences found, the "premium" markup on organic food is 29-32%, when only a 5-7% markup would be needed to break even—making organic farms more profitable than conventional ones. (Of course, it takes three years of organic practices to get certified, so farmers may still be left covering their additional investment after that period.)

Organic produce is not necessarily better for the environment

There is little doubt that synthetic pesticides and fertilizers substances can have negative impacts on the environment, from potentially endangering pollinators topolluting natural waterways. But many organic farmers, especially the large ones, don't skip pesticides and fertilizers—they just use natural options, which are hardly risk-free.

In 2010, a study found that organic pesticides can actually have a worse environmental impacts than conventional ones. Rotenone, a common organic pesticide made from subtropical plants, for example, is "highly dangerous," Scientific American explains, because it attacks cells' mitochondria (which you may remember from high school biology as the "powerhouses" of cells).

Plus, a recent study found that because organic agriculture is now done mostly en masse by big corporations (what's known dismissively by advocates as "Walmart organic"), the lower yields combined with the use of heavy machinery means it actually releases more greenhouse gases into the atmosphere than conventional farming.

Organic farms aren't necessarily better for the environment.

Any health benefits from organic produce are teeny-tiny

The science available thus far says any additional nutritional benefit from organic produce, compared with conventional, are very small.

A 2009 meta-analysis said there was no nutrient difference in organic versus conventional. Since then, two larger meta-analyses have found slight differences, but ones that are probably too small to really matter. The 2012 study found slightly higher phosphorous levels in the organic produce, and a 2014 study found higher antioxidant levels and lower cadmium levels in organic foods.

But as Jeffrey Blumberg, a professor of nutrition at Tufts University told NPR, because there are so many variations within organic and conventional production systems, drawing overarching conclusions about their products isn't really methodologically sound. And any differences in nutrition are relatively insignificant. Ultimately, if you want more nutrients, eat more vegetables, organic or not.

Even the "Dirty Dozen" vegetables we're told to avoid aren't really that dirty

Every year, the Environmental Working Group puts out a highly anticipated list called the "Dirty Dozen"—the fruits and vegetables it says have the highest pesticide residues, and are therefore most worth buying organic.

But in 2011, scientists from the University of California published a report finding that even the fruits and vegetables in the Dirty Dozen had less than 2% of the maximum allowable amount of the measured pesticides established by the US Environmental Protection Agency. The researchers criticized EWG's methodology and concluded that that there was no "appreciable reduction of consumer risks" in eating these organic foods.

For its part, EWG told Quartz that it disagrees with Winters' conclusions for several reasons, including that they used the risk for adults, not children, in their calculations, and that they looked at average amounts instead of the highest levels used.

Organic farms don't treat their workers any better

Farm work is hard and those doing it are often exploited. Unfortunately, this is no less true at organic farms—the USDA certification doesn't include any labor requirements.

In 2006, the eco-minded news site Grist published a story detailing the many waysorganic farmworkers were being mistreated, including violations of minimum wage laws, laborers allegedly being barred from speaking with inspectors, and sexual discrimination.

“The exploitative conditions that farmworkers face in the US are abysmal—it’s a human-rights crisis,” Richard Mandelbaum, a policy analyst at the Farmworker Support Committee, told Grist. “In terms of wages and labor rights, there’s really no difference between organic and conventional.”

And there's no reason to expect your organic vegetables to taste better, either

Want tasty asparagus? Buy it in season from nearby—organic or not.

Taste depends on so many factors, and organic certainly doesn't come with any guarantees. "My jet-setting Argentine asparagus tasted like damp cardboard," the journalist Michael Pollan wrote of the organic asparagus he purchased at Whole Foods in his 2007 manifesto Omnivore's Dilemma. Seven years later, the chef and food advocate Dan Barber wrote in The Third Plate about his shock when he tested his Mexican organic carrots for their sugar content—and discovered it was zero (probably making for a rather muddy-tasting bite).

So, what's the best option?

Bottom line: If you want to know more about your fruits and vegetables, buy them at the local farmers market, organic or not. The prices are often competitive with supermarkets, the in-season goods will be fresher than those shipped long distances, and any questions you have on production practices can be asked and answered on the spot. If you can't make it to the farmers market, don't waste your money on that little label.

Contact Us Today For Your Loan, International Project Funding, BG, SBLC & Letters of Credit

Skype: accessloans

Twitter:  @accessloankh

Website: http://www.accessloanventures.com

Email: accessloanventures@outlook.com OR  info@accessloanventures.com

Chinese investment in Africa is more diverse and welcome than you think

China’s economic engagement in Africa tends to elicit controversy. Many Chinese deals are accompanied by Western headlines such as “China in Africa: Investment or Exploitation?”; or “Clinton warns against ‘new colonialism’ in Africa.”

Yet in recent African public opinion polls China scored higher in popularity among Africa populations than anywhere else in the world, according to Pew surveys.

Moreover, China’s favorability has been on the rise in the last few years. In 2011 China had a 50% favorability polling in five African countries - Kenya, Nigerian, Ghana, Egypt and South Africa. By 2014 it had reached an average of at least 60% favorability in the same countries, according to a BBC poll.

Undoubtedly, these stellar ratings of China’s public image in Africa are closely linked to the increased trade and investments relationship between China and Africa.

Property rights versus rule of law

Findings of a study we recently undertook attest to this. The one important difference between Western and Chinese investment in Africa concerns governance. All things being equal, Western investment tends to favour African countries with better property rights and rule of law.

China, on the other hand, is indifferent to the property rights, rule of law environment, and tends to favour politically stable countries. This difference can be explained by the fact that some significant part of the volume of Chinese investment is tied up in state-to-state resource deals.

Rule of law measures perceptions of the extent to which agents have confidence in and abide by the rules of society. This is measured in relation to the enforcement of contracts, property rights, the police and the courts. The likelihood of crime and violence is also a factor. Political stability measures perceptions of the likelihood that a government will be destabilised or overthrown by unconstitutional or violent means.

China seems more concerned with the political stability of the government than with the environment of rule of law in the recipient’s economy. In light of these different tendencies, Chinese investment tends to be a large share of total investment in countries with poor rule of law.

Resource-rich countries not the only draw cards

We found no particular preference in terms of the resource-base of countries. Chinese investment is everywhere. Non-resource-rich countries like Ethiopia, Kenya and Uganda were just as popular as resource rich countries like Nigeria and South Africa.

Our paper looked at China’s direct investment, which it calls overseas direct investment (ODI), and explored firm-level data compiled by China’s Ministry of Commerce. All Chinese enterprises making direct investments abroad have to register with the ministry. The resulting database provides the investing company’s location in China and line of business.

The investment to Africa over the period 1998—2012 includes about 2,000 Chinese firms investing in 49 African countries. Firms often have multiple projects, which results into a total of 4,000 investments in the database.

The study does not include the amount of investment.

Top 10 sectors for Chinese projects in Africa (1998-2012)	No. of projects
Business service	1053
Wholesale and retail	693
Import and export	539
Construction, transportation, storage and postal services	392
Mineral products	319
Base metals and articles of base metal	148
Articles of stone, plaster, cement, etc.	96
Machinery and mechanical appliances; electrical equipment; parts thereof.	76
Textiles and textile articles	75
Vegetable products	72

A typical entry in our data base is a private firm that is much smaller than the big state-owned enterprises involved in the mega-deals that have captured attention. In essence, this data provide insight into the type of investment the Chinese private sector is conducting in Africa.

Based on the descriptions of the overseas investment, we categorize the projects into 25 industries covering all sectors of the economy - primary, secondary, and tertiary. The allocation of the projects across countries and across sectors provides a snapshot of Chinese private investment in Africa.

The data provides some surprising findings at first glance. Unlike the preconceived notion that the majority of Chinese investments are concentrated in natural resources, we find that services are the most common sector. There are significant investments in manufacturing as well.

We investigated the reasoning behind the allocation of projects more rigorously. In particular, we tested whether factor endowments such as land, labour and capital influence the number and types of investment projects from Chinese investors. If Chinese investors are profit-driven, then the number and nature of projects should be related to the factor endowments and other characteristics of the recipient countries.

Our results indicate that while Chinese ODI is less prevalent in skill-intensive sectors in Africa, it is more prevalent in the more skill-abundant countries. This indeed suggests that Chinese investors aim to exploit the local comparative advantage.

Another one of our findings is that Chinese ODI is more concentrated in capital-intensive sectors in the more capital-scarce countries, suggesting its importance as a source of external financing to the continent. These patterns are mostly observed in politically unstable countries, implying firms’ stronger incentives to seek higher profits in tougher environments.

Tracking frequency, not size

Our results differ from the common picture of Chinese investment in Africa partly because we are looking at frequency of investment instead of the size of the investment. We also use the aggregate data on the stock of Chinese ODI in different countries to examine that allocation compared to total foreign direct investment (FDI). This has traditionally mostly come from Western sources. Chinese investment may be growing rapidly, but it represented only 3% of the stock of foreign investment in Africa at the end of 2011.

In terms of allocations of ODI and total FDI across 49 African countries, both are attracted to larger markets and both are attracted to natural resource rich countries, including large Chinese investments in energy and minerals, just as Western investment favors these natural resource projects.

By examining both the volume data on Chinese ODI, in which big resource deals play a big role, and the firm-level registration data, representing mostly small and medium private firms, we think we have provided a nuanced and accurate view of Chinese investment on the continent.

Contact Us Today For Your Loan, International Project Funding, BG, SBLC & Letters of Credit

Skype: accessloans

Twitter:  @accessloankh

Website: http://www.accessloanventures.com

Email: accessloanventures@outlook.com OR  info@accessloanventures.com

Why Sierra Leone’s “last” case of Ebola may not be its last

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When Adama Sankoh, 40, Sierra Leone's last-known Ebola patient was released from the hospital on Aug. 24, she did so dancing and singing—accompanied by the hospital's staff. Indeed, after nearly 9,000 confirmed cases and over 3,500 deaths, seeing an end to the biggest-ever Ebola epidemic is a reason to celebrate. But president Ernest Bai Koroma, who joined the ceremony, warned the participants: "The Ebola fight is not yet over. Go and tell members of your community that."

Indeed, Sierra Leone will have to wait for the next 42 days—or twice the 21-day incubation period of the Ebola virus—to be declared Ebola-free. But even after that deadline, which is considered a safe interval by the World Health Organization (WHO), is passed, there is no complete guarantee that new cases of the disease won't occur.

That has happened recently in Liberia, the country that suffered the highest toll from the epidemic, with over 4,800 deaths. On May 9, 42 days after its latest case, the country was declared Ebola-free. But six cases emerged after that date, in early August, two of which resulting in deaths according to the latest WHO data. Liberia currently has no reported new cases, while three new cases have emerged in Guinea as of last week.

Among the causes of a possible relapse are the risk of sexual transmission through sperm, where the virus could survive for months after recovery from the virus, and the failure to follow up with some high-risk contacts, the WHO said. Further, as Craig Spencer, the doctor who was treated for Ebola in New York City after returning from Guinea, wrote in the New York Times, the international investment and aid needed to "stay at zero" patients might not be available for long.

Contact Us Today For Your Loan, International Project Funding, BG, SBLC & Letters of Credit

Skype: accessloans

Twitter:  @accessloankh

Email: accessloanventures@outlook.com OR  info@accessloanventures.com

Bank Instruments for lease, such as BG, SBLC, DLC, Letters of Credit

Dear Sir/Ma,

We are direct providers of Fresh Cut BG, SBLC, DLC and letters of credit which are specifically for lease. Our bank instrument can be engage in PPP, Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kinds of projects. 

We do not have any broker chain in our offer or get involved in chauffer driven offers. We deliver with time and precision as set forth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

DESCRIPTION OF INSTRUMENTS:

1. Instrument: Bank Guarantee (BG or SBLC) 

2. Total Face Value: Eur 1 MIN and Eur 5B MAX (Five Billion USD).

3. Issuing Bank: BARCLAY'S BANK, DEUTSCHE BANK, HSBC, STANDARD CHARTERED, Citibank, ANZ Bank, Maybank, Bank Mandiri or any prime bank.

4. Age: One Year, One Day

5. Leasing Price: 4% of Face Value plus 1% commission fees to brokers.

6. Delivery: SWIFT TO SWIFT.

7. Payment: MT-103.

8. Hard Copy: Bonded Courier within 7 banking days.

All relevant business information will be provided upon request.

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding: For further details contact us with the below information.

Skype:  accessloans

Twitter:  @accessloankh

Website: http://www.accessloanventures.com

Email: accessloanventures@outlook.com OR  info@accessloanventures.com

Thank You Very Much,

Miss Anita Sokum (Marketing Manager)

Greece's debt crisis explained in charts and maps

1) If you had to pick one chart that encapsulates Greece's crisis, it would be this one

Desmond Lachman/American Enterprise Institute

The roots of Greece's crisis are simple. Before Greece joined the Eurozone, investors treated it as a middle-income country with poor governance — which is to say, a credit risk. After Greece joined the Eurozone, investors thought that Greece was no longer a credit risk — they figured, if push came to shove, other Eurozone members like Germany would bail Greece out. They were wrong.

As this chart, via the American Enterprise Institute's Desmond Lachman, shows, after Greece joined the Eurozone, investors began lending to Greece at about the same rates as they lend to Germany. Faced with this sudden availability of cheap money, Greece began borrowing like crazy. And then, when it couldn't pay back its debts, it turned out financial markers were wrong: Germany and other Eurozone nations weren't willing to simply bail Greece out.

That led the market to panic around 2010, and you can see interest rates on Greek debt spike once again. Those high interest rates make it basically impossible for Greece to borrow, and that makes it impossible for Greece to pay its debts.

The result: Greece is insolvent and the Eurozone isn't as tight a union as the financial markets — and maybe the Eurozone's member states — believed. That's the crisis.

2) Greece's debt-to-GDP ratio is an insane 172%

It's much higher than any other country in the Eurozone. But making matters worse is the fact that the financial markets no longer see Greece as debt-worthy. No one wants to lend to Greece at reasonable rates, and so Greece can't keep paying to service its current debts while carrying out basic government functions.

3) This is the most important chart if you live in Greece

Greece's problems are often framed as a financial crisis, or a political crisis. But what they really are is a human crisis. Unemployment in Greece is over 25 percent now — higher than the United States during the Great Depression. And high unemployment is leading to political backlash.

The latest round of the Greek crisis began when Greece rejected its two main political parties in favor of the far-left Syriza. The main reason? Syriza promised to free Greece from the grinding austerity that was leading to such widespread human misery. The only problem? Syriza had no actual plan for freeing Greece from austerity; they tried to renegotiate the terms of the Eurozone's support for Greece and came away basically empty handed.

And so Syriza is asking the Greek people to vote on whether to accept the Eurozone's terms — and, by proxy, to remain in the Eurozone. The vote is basically a final, desperate ploy for leverage, and one that's likely to fail. Either the Greek people endorse more of the same, which Syriza doesn't want, or they reject the Eurozone's offer, and basically have to leave the Eurozone, which would also be a disaster.

This is perhaps the most important, and most depressing, reality of the Greek crisis: there are no good outcomes that are remotely plausible.

4) Greece's recession is worse than America's Great Depression

American Enterprise Institute

This chart also comes via the American Enterprise Institute's Desmond Lachman, who presented it in testimony before Congress. His summation is about as concise a description of the economic nightmare the country is living through that you'll find, so I'll quote it at length:

Over the past six years, Greece has experienced an economic depression on the scale of that experienced by the United States in the 1930s. Its economy has contracted by around 25 percent, its unemployment rate has exceeded 25 percent, and its youth unemployment has risen to over 50 percent.

At the same time, despite five years of budget austerity and a major write-down of its privately owned sovereign debt, Greece's public debt to GDP ratio has risen to 180 percent. At the heart of Greece's economic collapse has been the application of draconian budget austerity within a Euro straitjacket. That straitjacket has precluded exchange rate depreciation or the use of an independent monetary policy as a policy offset to the adverse impact of budget belt-tightening on aggregate demand.

In other words, the debt crisis destroyed Greece's economy, which in turn destroyed Greece's ability to pay back its creditors or employ its people, which in turn forced Greece to beg the Eurozone and IMF for help and the austerity measures they demanded destroyed Greece's economy even more.

5) The crisis isn't just hurting the unemployed

Max Roser

This chart, by Max Roser, shows how widespread the economic pain in Greece has been. It tracks Greek incomes since 1974, with different colored lines corresponding to different income groups.

But no matter which income group you look at, the story is the same: incomes are plummeting, often to levels not seen since the 1970s or 1980s. This is one reason the anger in Greek society is so widespread: no economic group is safe from the crisis.

6) Greeks are fleeing Greece

Quartz Atlas

This is a particularly depressing chart about Greece's long-term prospect from Quartz. Before the crisis, Greece's population was growing. Since the crisis, it's shrinking. And it's a good bet that the people leaving Greece are some of the most economically productive. After all, it's a lot easier to emigrate if you have an engineering PhD and resources than if you lack in-demand skills and the money necessary to travel. But as rational as Greek emigration is, it means it will be that much harder for the Greek economy to recover.

7) Money is fleeing Greek banks

Greece is in the throes of a full-fledged bank run. You can see it in photos: the Greek people have been lining up at ATMs to pull their money out. But you can also see it in this chart, which shows Greek bank deposits falling to their lowest levels in a decade.

The reason? Greeks are worried that Greece is going to leave the Euro, in whole or in part. They worry that Greece is either going to return to its own currency, or in order to keep paying its debts, revert to some kind of temporary government scrip. Either way, whatever replaces euros will be worth a whole lot less than the euro, and so anyone who can get their money out is doing it as fast as they can.

Or, at least, they were doing it as fast as they can. Greece has shut down its banks and imposed limits on daily ATM withdrawals in order to end the run.

8) This is now a Greek crisis, not a Eurozone crisis

Bloomberg

A few years ago, Greece's crisis was the Eurozone's crisis. After all, it wasn't just Greece sagging under the weight of debts it couldn't obviously pay back; it was Spain, Portugal, and Italy, to name just a few.

But no longer. This chart, using Bloomberg data, shows the price of 10-year government bonds from Greece (orange), Portugal (blue), Spain (red), and Italy (green) over the last five years. Focus on the right edge of the chart. You can see prices on Greek bonds rising amidst the latest panic. But Spain, Portugal and Italy are unperturbed. The Eurozone has convinced the financial markets that this a Greek problem, not a Eurozone problem.

While that may be good for the Eurozone, it's bad for Greece, as it reduces their negotiating leverage. Four years ago, the Eurozone believe that it needed to save Greece to survive. Now it thinks it can survive a "Grexit" just fine.

9) Greece has done a lot of austerity

As my colleague Matt Yglesias writes, the austerity question is a bit twisted when it comes to Greece. In America, austerity was a choice: markets were, and are, happy to lend us more money. In Greece, however, markets have no interest in lending to Greece, and so the alternative to accepting the austere conditions imposed by the Eurozone and the IMF is is accepting the yet-more severe austerity that markets would force.

That said, there is a peculiar narrative that Greece has somehow been resisting the imposition of austerity. That narrative is dead wrong.

The unemployment numbers should put to rest any belief that the Greek people are somehow surviving this crisis unscathed, but if you want something more specific, then this chart, via the Center for European Reform's Simon Tillford, is useful. If you take 2007 as a baseline, Greece has cut government spending by much more than other Eurozone countries.

Indeed, as Paul Krugman wrote, "If you add up all the austerity measures, they have been more than enough to eliminate the original deficit and turn it into a large surplus."

But Greece is in worse shape than ever. Why? Krugman again: "Because the Greek economy collapsed, largely as a result of those very austerity measures, dragging revenues down with it."

The Greeks may not have had a choice other than austerity. But austerity has still been a disaster for them.

10) The value of the Euro held against the dollar — and that's been a disaster for Greece

Google finance

This chart shows the value of the euro against the dollar, and the basic takeaway is simple: it's held pretty steady through Greece's crisis.

That's been a disaster for Greece.

The normal way a country like Greece would deal with these kinds of problems is to sharply devalue their currency in order to boost tourism and exports. But because Greece is part of the euro, and because they don't control Eurozone monetary policy, they haven't been able to devalue. (Eurozone monetary policy is controlled by the European Central Bank, which is more or less controlled by Germany, and so, unsurprisingly, Eurozone monetary policy has been much better for Germany than for Greece.)

So membership in the Eurozone has slammed Greece coming and going: it led to the crazy borrowing rates that fueled the crisis and then it made the crisis much more painful for Greece.

For more on the failure of the euro in the crisis, see this great piece for Tim Lee.

11) Greece is crap at collecting taxes

Speaking of tax revenues, there's no real need to belabor this, but Greece is unusually bad at collecting taxes. These numbers come from the Organization for Economic Cooperation and Development, and they show what an outlier Greece is when it comes to tax collection. This isn't the cause of Greece's crisis, but it's definitely not helping them get out of it.

12) Two views of Greece's economic boom — and crash

World Bank data/Matt Yglesias

This chart, which my colleague Matt Yglesias made with World Bank data and the program Paintbrush, is a bit odd, but it's makes an important point. I'll let him explain it.

"The magenta line is more or less how things look to Greek people. Since 2008 or so, under the watchful eye of European Union elites (the central bank, the European Commission, the International Monetary Fund, the government of Germany, etc.), the Greek economy has completely collapsed. And the Greek population has been thrown into a state of dire immiseration."

"The yellow line reflects more how things look to European officialdom. Greece is about on track for where you would expect it to be if you extrapolated forward from the pre-euro era. The prosperity of seven years ago was a bubble, driven by imprudent lending and dodgy government finances. Meanwhile, though Greece is a lot poorer than it was it's not actually a poor country in the global sense. As a supplicant looking for charity, Greece is a lot less compelling than India or Guatemala or any number of sub-Saharan African countries."

13) The Greek people don't think their voice counts in the Eurozone (and they're right)

European Commission

This 2014 poll by the European Commission offers a damning look at the resentments building within the Eurozone. Only 23 percent of Greeks — they are, confusing for Americans, abbreviated as "EL" on the above chart — believe their voice is listened to within the Eurozone. But perhaps more tellingly, only 52 percent of Germans — abbreviated as "DE" — feel the same.

This speaks to the fact that while the Greeks feel completely oppressed by the Eurozone, Germans, despite their strength, also feel like they're getting a raw deal because they've had to subsidize countries like Greece. Indeed, a March poll found that a majority of Germans wanted to see Greece leave the Eurozone.

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