How Greece's Bank Bailout Benefited Greeks

The bank run took the bailout money away.

Some Greeks got their money out earlier.

Photographer: Angelos Tzortzinis/AFP/Getty Images

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 run out of euros. So what happened to all that bailout money? 

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