And why money went to the banks? To pay the interests to the banks. Where did the initial loans go? Who knows. The fact is, Government of Greece got the initial

And why money went to the banks? To pay the interests to the banks. Where did the initial loans go? Who knows. The fact is, Government of Greece got the initial loans, wasted them, got some more, and then had to get more loans just to be able to pay interests on the initial ones.