''Are the European banks saving Greece or saving themselves?''

From The Guardian

"Who is rescued by the bailouts of the European debt crisis? The question won't go away. Last week, Greece was granted a second bailout in order to avoid a catastrophic disorderly default. Few observers believe it will be enough to avoid the need for a third bailout, at least in the medium term. This week, the story of the euro crisis has shifted to Portugal as expectations rise on the financial markets that she too will need a second bailout. It wasn't supposed to be like this: Greece's first bailout almost two years ago was to be a one-off; more recently, EU leaders have repeatedly insisted that there would be no repeat of its second package."

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