Yes, in normal times the money should flowthrough the banks, but fiscal stimulus offers an alternative path for the flow of money when it cannot flowthrough a damaged banking system.
Their argument and, until recently, the conventional wisdom was that a restructuring would lead to significant losses for international banks - particularly in Germany and France - and that instability would flowthrough the entire European banking system.
However, he says that with so much foreign money continuing to flowthrough Afghanistan's fragile financial system, experts fear a similar crime could be possible again.