> The Greek bailout, was an indirect bailout of Franco-German banks It truely was. German banks (and DB) was main creditors and could not afford Greece to defa

> The Greek bailout, was an indirect bailout of Franco-German banks It truely was. German banks (and DB) was main creditors and could not afford Greece to default. They borrowed low interest money at ECB (0.5-2%), spend it on high paying greek bonds with interest between 10-15% - but could not deal with the risk...