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.