Quote:
Originally Posted by nomadking
If repaying loans takes so much money , how did they ever think they were going to repay anything. They've already been let off 50% of the debt.
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Per my link above, it was assumed that the Greek economy would recover, not slump, as a result of austerity, and even the IMF now know that the debt won't be paid back. Had the Greek economy proceeded as planned that would've provided some income to going onto the right track. As it was austerity destroyed it.
Blame rests on the shoulders of creditors and debtor alike.