[Enchante]

"So debtors have to eat a 100 billion euro loss..."

You mean the creditors have to eat this loss. The debtors are the freeloading Greek govt and public who expect other people to pay for their reckless profligacy.

[caww]

The debtors are the freeloading Greek govt and public who expect other people to pay for their reckless profligacy.

I agree...rather like those who borrowed money for homes here in the states who knew they did not have the means to pay the debt....and even still Obama seeks to bail them out of their responsibility while those who have maintained their morgages watch as their homes depreciate.

Greece, Spain and Italy are doing the same thing...waiting for the financial "saviors".