By by Eric toussaint Like a classical Drama, Greek debt is characterized by unity of place (Greece within the EU), unity of time (2010-2015), unity of action (the policies enforced by the 2010 and 2012 memoranda that resulted in a 25% fall in the GDP and an unprecedented peace-time deterioration of the Greek people’s living conditions), and clearly identified characters (the Troika institutions, the Greek governments, some private creditors).
Debt restructuring is often used to launder illegal and/or odious debts…

Source: Auditing the Greek Debt: Unity of Place, Time, and Action