3 ms·

War reparations aren't debt - they are the plunder of the winning party in a war.

• gonvaled 11y ago
  You could argue that Greece found itself in war against the financial markets. They share some of the blame (like everybody does in any war), but the markets won, so they could provide reparations for the defeated Greece. As in the Marshall Plan example, it is in the interest of (some) financial market players to ensure that Greece can come back to the table, and specially to ensure that the Euro-area has a long-term prospect. The analogy may seem stupid, but I say it describes pretty well the world we are leaving in.