No. Greece got money from german and french banks. (Like giving all your money to an old, sick, homeless, uneducated, drug addicted, person. Would you do it?) That, turned out great for the german and french industrialists. Greeks had "free money", and more BMWs were sold. But, suprisingly, didn't turn out good for the banks. So, the politicians, appreciating their cuts, transfered the debts to their taxpayers, all over europe, to "save greece". End result: Industrialists, happy. Banks, happy. Politicians, happy. The tax payers, pays (much, much, much) more.