Greece stays, Greece goes, who knows?

Paul Krugman and others have asserted that European banks were the big beneficiaries of the early Greek bailout. They’ve gotten pushback, apparently. Steve Randy Waldman has created a timeline of events from that early 2010 bailout through the second one in 2012. I can’t swear to the accuracy of his analysis, but it seems to buttress what Krugman’s been saying: that Greece has been a victim of European political leaders and financial technocrats who are guilty of practicing bad macroeconomics to the benefit of European elites and the detriment of 11 million Greeks.