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> to keep Greece afloat and prevent it from going down in the way that Lebanon or other places outside the EU's aegis did more recently No, they did it to keep
by heurisko 4y ago
> to keep Greece afloat and prevent it from going down in the way that Lebanon or other places outside the EU's aegis did more recently
No, they did it to keep the EU banking system afloat, which was exposed to Greek debt.
They also wanted Greece to remain in the Euro, rather than returning to the drachma and admitting they couldn't square the circle of a shared currency without shared fiscal policy. Greece in the Euro vs Lebanon is a false dichotomy.