By the time the eurozone governments intervened decisively, most French and German banks had largely unloaded their holdings at a loss to hedge funds and other investors with a greater appetite for risk. Whatever debt they had held onto lost more than half its value in the haircut.
当欧元区政府果断采取干预措施时，大部分法国和德国银行早已亏本脱手了所持有的希腊债务，把它们卖给了对冲基金和其他风险偏好更大的投资者。而没有脱手的债务在减记中损失了一半以上的价值。因此，不能说法国和德国银行没有遭受损失。