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In their last loan in the restructuring almost 90% of it went directly back into the ECB's coffers. Nice trick if you're a bank!
by nickbauman 11y ago
In their last loan in the restructuring almost 90% of it went directly back into the ECB's coffers. Nice trick if you're a bank!
- pkaye 11y agoI thought they also got around 50% debt relief and cuts to interest rate payments.
- Xylakant 11y agoActually, a lot of the money that went to banks went to greek banks (some subsidaries of german and french ones, but still greek). The alternative would have been that those banks go bankrupt and the customers of those banks loose most of their deposits. Would that have been a better option?