>…Once you have debt, you have to repay it… Or default, wouldn't have been the first sovereign default on debt "obligations"… >I find it ridiculous. Be that

>…Once you have debt, you have to repay it… Or default, wouldn't have been the first sovereign default on debt "obligations"… >I find it ridiculous. Be that as it may, kicking the can down the road and doing more of the same is often a great long term solution. But its ok, they "accepted" larger haircuts than originally proposed: "On Monday, 13 July, the Syriza-led government of Greece accepted a bailout package that contains larger pension cuts and tax increases than the one rejected by Greek voters in the referendum."