This falls under the title of better late than never. And gloating of course. But i did say they'd find a solution. And they did.
Surprise surprise.
There's nothing quite like the prospect of losing several hundred billion euros to focus minds on what needed to be done.
No doubt there's an under-the-table agreement that there will be debt relief and/or some sort of renegotiation (probably extending maturities and reducing interest rates) in the future.
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