Hacker News new | ask | show | jobs
by mattlutze 3993 days ago
> Only a small fraction of the €240bn (£170bn) total bailout money Greece received in 2010 and 2012 found its way into the government’s coffers to soften the blow of the 2008 financial crash and fund reform programmes.

> Most of the money went to the banks that lent Greece funds before the crash.

They money from the bailouts went to pay debts that Greece owed on pre-2008 loans, and was not available to the Greek government to be used for social or economic restructuring.

I'm not certain at all what your basis for your comment is.