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>it was more about bailing out the German bankers who'd lent Greece more money than they should have. Considering the fact that private holders of Greek debt l
by bobcostas55 12y ago
>it was more about bailing out the German bankers who'd lent Greece more money than they should have.
Considering the fact that private holders of Greek debt lost ~80% of their money in the default, I think this is a ridiculous thing to say.
- youngtaff 12y agoMost of the bailout money has gone to Greece's external creditors: "Since May 2010, Greece has been sent about $177 billion in European taxpayer money to keep the country afloat and ward off a bigger crisis that might threaten the entire currency union. Of that amount, a full two-thirds has gone to pay off bondholders and the troika." http://www.nytimes.com/2012/05/30/business/global/athens-no-longer-sees-most-of-its-bailout-aid.html http://www.nytimes.com/2012/05/30/business/global/athens-no-...