Greek banks needed to be recapitalized. Evangelos Venizelos, the fatman pictured, saddled "investors" with a loss of 74% on Greek debt held by these banks. Members of the two political parties that have ruled Greece for the last forty years owe these same banks over $300 million dollars and are not paying.
A probe into these loans was launched by financial investigators for the country of Greece and they are preparing to share their findings with the Greek parliment controlled by these same two political parties. The Greek parliment also recently passed a law granting immunity to the bankers that provided uncollaterized loans to these political parties meaning no one will be prosecuted.