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And most would agree that the conditions of austerity under which the original loan and subsequent instalments were made have only helped hobble the Greek economy.
Business thrives under conditions of certainty, which has been sorely lacking in Cyprus and Greece since the implementation of the austerity agenda.
Factories, universities, schools, newspapers and refugees moved to the interior to build up "Free China" in conditions of extreme austerity.
Can peripheral economies in Europe change before people crack under the pressure of austerity and pull the rug out from under their politicians?
Under the austerity conditions of the past half-decade, the Greek economy has shrunk by 25%.
As national governments groan under the strains of austerity, cities are on a roll.
Not every European country is gasping under the straitjacket of austerity.
We are political and economic exiles, who suffer under a regime of austerity that has been imposed on us".
They have consistently under-estimated the impact of austerity on the real economy.
The Osborne who suffocated us all under the greying blanket of austerity.
Under the new bout of austerity measures, fewer and fewer people will be able to appreciate that shared illumination.
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