Greek Crisis: Who Is Really Being Bailed Out? [View article]
Doubtless, German and French banks will benefit from a Greek bailout as will all others that hold Greek bonds or debt.
In my eyes, though the primary driver behind this rescue effort is the EU and the ruling commission.
The leaders of the eurozone have a vested interest in continuation of the EU and defaullt of a member state would create a fissure within the community and reinforce doubts about the economic purposes of the zone and its structural viability.
Greek Crisis: Who Is Really Being Bailed Out? [View article]
In my eyes, though the primary driver behind this rescue effort is the EU and the ruling commission.
The leaders of the eurozone have a vested interest in continuation of the EU and defaullt of a member state would create a fissure within the community and reinforce doubts about the economic purposes of the zone and its structural viability.