Understood: LOANS.
Do you REALLY think that Spain, already a hugely welfare state will EVER get around to repaying the Germans? I assume that there is also INTEREST to be paid.
I don't think that Spain will ever be able to repay what they "borrowed." But that's just an opinion.
I LOVED Spain and would go back there in a New York minute. I speak Spanish fluently too. But I can see clearly that they AIN'T ever going to have enough olives and olive oil to repay the WorkerBee Germans. Again, just my opinion.
Not relevant. The loans were used as a means to an end—to force the will of the creditor state upon the debtor. And the governments in the countries that took the loans were resistant to taking them—resulting in their governments falling and being replaced with governments willing to take the loans. All on the record.