Did the Greek bailout money go to ‘liquor and women’?

I’m just following up here on some comments I made Thursday about Dutch Finance Minister Jeroen Dijsselbloem’s intervention on liquor and women given the EU’s 60th anniversary celebration today. Greece underwent a debt restructuring, not a bailout. The difference between a bailout and a debt restructuring goes to the question: where did the money go? And because Dijsselbloem made the analogy about ‘liquor and women’ when talking about solidarity, it seemed like he was just giving voice to a stereotype of the ‘profligate’ south – derisively dubbed the PIGS – Portugal, Italy, Greece and Spain. Here’s the quote: "As a social democrat, I think solidarity is extremely important. But whoever makes that appeal, also has responsibilities. I can’t spend all my money on liquor and women and afterwa...


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