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. [my underlines]They could have just written the cheque to RBI and cut the middle
The troika of lenders first stepped in during the spring of 2010 after Athens could no longer afford to finance €310bn borrowed from a wide range of major European banks... Greek government debt is still about €320bn, 78% of it owed to the troika.I saw a credit card statement like that many years ago. I advised that person to cut the card up and toss it into a fire.