Friday

April 19th, 2024

Insight

Don't cry for Greeks; they got their money out before the banks closed

A lot of the money from the two Greek bailouts went to banks, including local ones and the subsidiaries of foreign banks operating in Greece. Yet lenders are now the weakest link in the Greek economy. The European Central Bank has only to reduce liquidity assistance or demand more collateral, and the country's financial system will…

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Previously:


06/19/15: What if Greece just disappeared
05/21/15: In trying to eradicate its communist past, Ukraine throws in with neo-Nazis
05/11/15: Germany's US spying habit is hard to break
04/14/15: In Russia, Hillary Clinton would already have lost
03/12/15: Russia is hacking your social media news feed
03/05/15: Why Estonia won't be Putin's next conquest: What the tiny nation is planning
02/12/15: Putin's Egyptian double welcomes him to Cairo
01/26/15: 'This is how America leads.' Really?

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