A new study offers more confirmation that the so-called bailout packages the European Union (EU) and the International Monetary Fund (IMF) delivered to Greece primarily served European banks rather than the Greek people.The study released Wednesday by the Berlin-based European School of Management and Technology (ESMT) analyzed where funds from the two aid bailout deals—received on the condition of imposing harsh austerity measures—since 2010 went.

Source: The Bailouts Were for the Banks: Study Confirms Rescue Loans Didn’t Serve Greeks