It can't be considered a 'national debt' if that money never made it down to the Greek people and they cannot now be made accountable and forced to suffer as a consequence. The EU should recognise and support the more egalitarian government that has come to power in Greece and seek to work with them to rebuild the Greek economy.

It is more in line of - Germany elite has even worse grasp of Macroeconomics 101 than US.

Europe is 6 years into politically driven economic depression.