What is the REAL debt of Greece
Greece in fact never wanted to get this huge debt. Most of this debt has been forged externally by abusive banks reselling their debts only to increase the interest rates.
So when banks are restructuring their own debts, they give the bill to Greek people !
Greece contracted really MUCH less. But was FORCED to accept the abusive and illegal interest rates built elsewhere.
Given the huge amount Greece has already paid, I do think that most of this debt is now void. For the rest, the only guilties are the banks which built up inexistant debts on markets just to increase their profits, in a pyramidal scheme where only the last acqueror, that has been abused by all the previous banks, were just promissed inexistant profits, and lost everything.
Now it's time to restructure the debts within the many banks and "investors" that LIED to everyone when building FAKE financial products. All those banks and investors that have profited A LOT from it, when selling those FAKE financial products based on FAKE financial reports, should be sent to courts and give back the money they STOLE to their buyers.
LEt's come back to the INITIAL contracts that Greece really signed. And may be even those contracts were abusive, based on false promisses of low interest rates.
There is certainly a responsability from past public managers of Greek institutions, but for most of them, they were in fact not trained to the financial risks. This means that the "politicians" that are highly criticized, have really been abused.
The Greek people cannot sustain more pressure. They've paid much enough, even if their government failed to manage their debt due to misinformation given to them by abusive international banks.
Who should have lost their money ? Not Greece. Only those abusive banks and extremely rich investors that lied to everyone (including to the IMF and EU).
There's a lesson to learn from it : never trust what a bank says when it proposed a financial product. Never take the estimation of profits for given. Most of these information are forged by them : they know the truth, they hide it and disguise their losses in profits and say that you can profit too. But if this was true, why would they sell you these magnificent financial products? They would take the profits for themselves only (in fact for their share holders).
In financail markets, everyone is lying. Abusively. The faults made by Greek overnments is very minor compared to those made by its creditors (note: all the banks from which Greece signed its contracts are no longer owning these contracts : they have been bought and sold many times up to the point that it no longer has any real base).
So now, who must loose money ? No more Greece, but its abusive creditors. The last creditors are now exposed to all risks, but they should also prosecute in trials those other banks that sold them the FAKSE products.
It's completely unacceptable to allow a debt to be resold to someone else for profit. It's immoral. And it severely endangers the democracy.
