Greek bank deposits are around 180 billion Euros.
The new Greek government bailout is worth around 130 billion Euros and is not guranteed to work and is guaranteed to cause problems down the road.
So why not just let the government go out bankrupt and let the ECB step in and bailout the savers?
A line could then be drawn under the issue, the Greek government black hole will be eliminated and everbody knows the money is going to the people who deserve it, ie the savers.
Why not do that? I am struggling to explain why…
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