.... has always been the way the former Greek finance minister Varoufakis* has spoken about what he sees as the main problem his country is facing - almost 'exploding' about a recent statement of U.S. President Obama's spokesperson on what Greece should do about its debt. He calls the statement " .. cruel, self-defeating, irrational, inefficient, mind-blowingly inane austerity .. " - and adds the U.S. should know better ....

" .. “The problem is not that Germany has not paid enough. Germany has paid too much, in the case of the Greek bailout,” Varoufakis explained on Democracy Now. “We had the largest loan in human history. The question is, what happened to that money?”

“It wasn’t money for Greece. It was money for the banks. And the Greek people took on the largest loan in human history on behalf of German and French bankers, under conditions that guaranteed that their income, our income in Greece, would shrink by one-third.”

According to Varoufakis, 91 percent of the first bailout and 100 percent of the second bailout went to German and French banks. The money did not end up in taxpayers’ pockets; it ended up in bankers’ pockets .. " [source: http://www.salon.com/2016/04/29/ponzi_austerity_scheme_imposed_by_e_u_and_u_s_bleeds_greece_dry_on_behalf_of_banks_says_ex_finance_minister/]

* Supplemental information:

Paraphrasing what the International Monetary Fund (IMF) said to him, he shared, “‘Yanis, you’re right, our program can’t work, but you must understand that we have put so much political capital in this, we can’t go back.’” That program involved imposing even greater austerity measures on the Greek population in order to service the deep debt that the government had incurred.

**edit/update**
Please see also
Greece Bailout Was for EU Banks: Study Confirms That Rescue Loans Didn’t Serve the Greek People