Wah! We overspent and borrowed money, now we don’t want to make cuts or pay it back! Wah!
To be fair, the banks making the loans were perfectly happy to do so, despite knowing the Greeks were the very definition of a bad risk.
Too big to fail and all that, ya know. And the German and other governments let them do it.
Plenty of blame to spread around.
“Wah! We overspent and borrowed money, now we don’t want to make cuts or pay it back! Wah!”
No, the German Nazis invaded Greece occupied the country and robbed the central bank.
If that is a debt, it Germany cannot default.
The central question in the report is that of forced loans the Nazi occupiers extorted from the Greek central bank beginning in 1941.