Well,since I'm Greek I feel like i should give my opinion on the matter.Greece's debt crisis was mishandled by both the Greek government and the EU/IMF.Imposing harsh austerity,with a country losing 25%(!!!) of it's GDP and having unemployment grow to 27% doesn't get your money back,it just creates a slave country with no bright future ahead.Greece,at the moment,isn't running on deficit,it actually has a surplus,a first in 20 years.So,i think that the ESM should buy Greece's debt from ECB and IMF,prolong it from 30years to 60years,and freeze it's repayment for 5 years,so as to let Greece get back it's lost GDP and have surpluses invested in the economy.Meanwhile,in those 5 years Greece won't be given more loans,as it will live on its own money.That could actually,put an end to an endless cycle of loans and create the right conditions for Greece to repay the debt in time.
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