The Greek banks have been bailed out with billions exceeding 90% of country's GDP since 2008. When citizens suffer from heavy taxes, unemployment strikes the Greek society, Greek economy faces deep recession and Greeks sink in poverty, it appears that Greek governments do have money, but only for the banks. Billions were given in bailouts, but no one knows where the money went and how they were exploited. The only thing that is certain is that they didn't go where they should go: to the real economy. by Vangelis Triantis In October 2008, the situation in Greek economy was far away from today's picture. The Greek economy was growing and the first signs of the global financial crisis appeared shyly. The then minister of finance, George Alogoskoufis, announced a bailout package of 28 billion euros for the banks in order to face competitiveness problems, in other words, to face liquidity problems and secure the deposits. Next to him was sitting the governor of ...