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The Banks of Europe, both private and Central, loaned Greece money.
Greece cannot pay it's bills.
If Greece defaults, the banks (both private and central) will suffer enormous losses. The destruction of private banks will mean the depositors who gave the banks the money to loan will lose all their money and the economy of Europe will crash in a hurry.
Therefore, the EU has agreed to bailout GREECE (not the banks) to keep the economies and banks from collapsing. Greece must get their shit in line to receive the bailout. Greece refuses.
Germany being the strongest economy will shoulder the largest burden.
The problem originated with Greece and their cooking of their books to make themselves look like a sound investment when they were, in fact, not. Goldman Sachs allegedly helped with this UPON THE REQUEST OF GREECE. Goldman Sachs isn't getting any of this bailout because American banks are not exposed to the debt like European banks are.
The banks didn't make risky loans. They didn't try to make a giant profit. They aren't even asking for this bailout.
Are you really trying to insinuate that the financial institutions across the globe created this mess to lose a huge amount of money and then get a taxpayer bailout for a portion of it? That's just ignorant. All the companies you got bailouts lost billions in that deal, and many of them went out of business.
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