What ChKy says is true. This debt started out within the banking industry. It is commercial debt that has been foisted onto the public sector. Somehow the Greeks seem to be responsible for debts incurred by foreign banks, UK, German and Spanish mostly. Then there is the small matter of ThyssenKrupp Marine Systems bribing a Greek defense minister into ordering 4 nuclear submarines, which were neither needed or delivered. Did the Greeks get their 7 billion Eur back? Have a guess. There has been a concerted attack on the Greek nation with the intent of bankrupting it. Cui bono? Well, if some of the state's assets had to be privatised, this might give a clue: http://www.globalresearch.ca/the-new-mediterranean-oil-and-gas-bonanza/29609