The Wimbledon 2015 tennis tournament in London won’t distract from Greece’s current financial crisis which dominates the world news. The BBC announced that France is Greece’s

The BBC announced that France is Greece’s second largest creditor in Europe, after Germany. Where does France get its money? The Bridge MAG. Image.

second largest creditor in Europe, after Germany.

In a bid to support Greece through its current debt crisis, France is lending the world’s oldest democracy 43.8 billion Euros. But this seemingly noble financial gesture aside, as the idiom goes, be just before you are generous:

According to Mr Mawuna Koutonin, the peace activist and editor of SiliconAfrica.com:  “Through a colonial pact, France continues to extract approximately 500 billion dollars from fourteen African countries each year, by forcing them to pay colonial tax for the ‘benefits’ of slavery and colonisation”.

It is believed that, under the terms and conditions of the agreement set up, the CFA,  the Central Bank of each African country, must keep at least 65% of its foreign exchange reserves in an “operations account” held at the French Treasury, as well as another 20% to cover financial liabilities….

France’s Janus Face? As the idiom goes, be just before you are generous. The Bridge MAG. Image.

The fourteen African countries that France has been holding for their national reserves since 1961 can be listed as follows: Benin…

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Rachel Tcheungna, Author, Writer of 

The Bridge Books and 

The Bridge Magazine Editor.