4 ms·

I totally believe this is about bailing out French and German banks. It's also about making life really bad for Greece to encourage Ireland/Spain/Italy/Portugal

• vidarh 11y ago
  The French and German banks were already bailed out. At this point the issue is that the governments that bailed them out don't want to be the ones left with the bill for the bailout they basically dictated.
  • branchless 11y ago
    surely bailing out Greece when primary exposure is French/German/UK banks is sharing the bailout costs amongst the whole EU in particular poorer countries subsidising richer ones. I agree part of this bailout has already taken place. The second phase is ensuring life in Greece is so bad that other larger countries don't want to default.