A study from the European School of Management and Technology (ESMT) revealed that only about 5% of Greece’s international bailout funds were used to boost the country’s economy. The rest primarily went towards repaying debts, covering interest, recapitalizing banks, and restructuring debt. As a result, much of the bailout money ended up with private creditors, including several banks.
https://www.dw.com/en/most-of-greek-bailout-money-went-to-banks-study/a-19234391
h/t globeworldmap