Nice post, indeed, Filly.
Except you haven't addressed the obvious question - what would have happened if the debts had simply been 'substantially written off as most other countries and the IMF had wanted'? As you assert.
What does 'substantially' mean. It sounds good - it sounds 'nice'. It's as tho' it's actually saying something.
And are you sure, absolutely certain, that is what 'they wanted'? Or was it perhaps, for example, just a longer repayment period for Greece?
So, you haven't explored the consequences of the alternative outcomes, and you have been pretty loose in your essential claim.
That is why being so Trumpy with your 'facts' makes your post 'nice' but not worth entering in to a discussion with - it is pointless. Like PJ's.
(Whale sandwich - lol...)