It pushed them onto the public books of countries B, C, D, E, F, G, etc, who took over (part of) the debt. Since they also provide financing at lower than mark

It pushed them onto the public books of countries B, C, D, E, F, G, etc, who took over (part of) the debt. Since they also provide financing at lower than market rate, they are also providing a continuous subsidy to country A (in a manner that they hope their own voters/tax payers won't notice -- and in a manner that the entitled voters of country A certainly haven't noticed). (I wrote "part of" because there was a haircut involved for the private lenders. They /did/ take a loss.) Edit: tpyo.