The Greeks votedno to the European Union's terms, despite warnings from the EU that rejecting new austerity terms would set their country on a path out of the Eurozone. 62% voted "No" while 38% voted "Yes".
A big share of these "emergency" funds went *directly* from the EU to the banks, never to Athens. I find it obscene that there's plenty of money to rescue bankers, but not a dime for Greek people.
You misunderstand what was happening. The Greek banks were bailing out the government, lending it money. The EU was then bailing out the Greek banks by the same amount. The legal framework that meant it had to be done that way is complex, but basically it was just a way to funnel money to the Greek government and not the banks themselves. The money was only given on the condition that it was lent to the government.
-- const int one = 65536; (Silvermoon, Texture.cs)
(Score: 2) by mojo chan on Tuesday July 07 2015, @10:36AM
A big share of these "emergency" funds went *directly* from the EU to the banks, never to Athens. I find it obscene that there's plenty of money to rescue bankers, but not a dime for Greek people.
You misunderstand what was happening. The Greek banks were bailing out the government, lending it money. The EU was then bailing out the Greek banks by the same amount. The legal framework that meant it had to be done that way is complex, but basically it was just a way to funnel money to the Greek government and not the banks themselves. The money was only given on the condition that it was lent to the government.
const int one = 65536; (Silvermoon, Texture.cs)