Yes it is. And its pretty meaningless too because it solves noting. Greece is in the mess that its in because its government spends much more than it takes in. It wants to provide a lavish Welfare State for its government employees and citizens (in that order) that it simply can't afford now that it can't borrow anymore. Even if they get a debt reduction from Germany based on this nonsense reparations claim, they will be back in a mess in a couple years because they have not addressed their fundamental problem.
I agree with you. My son got in a financial mess. Wanted me to bail him out. I told him to not until he got his spending under control.
He thought I was a real bad guy until he worked his way out of it. Once he had finally taken serious steps to correct his wasteful ways I did finally help him get his house payments caught up.
And he actually ended up paying me back.