5 ms·
> That money doesn't go to the Greek people. It's used to preserve the international banking system. That money goes to the Greek treasury, which is run by the
by mattlutze 11y ago
> That money doesn't go to the Greek people. It's used to preserve the international banking system.
That money goes to the Greek treasury, which is run by the Greek government, the elected, representative administrative body of the Greek people.
These banks and other sovereign states hold debts that Greece issued in exchange for capital it needed to fund its national budget. Greece needs to make payments on its debt, unless Greece wants to ruin its credit and not be able to participate in international economic trade.
The money does go to the Greek people, but their elected government needs to generally be responsible and use the money to pay their national debts.