[refurb]

I'm not that familiar with the details, but it would be more like:

- You owe me $1B in reparations, with $10M payable each year for 100 years

- You can only come up with $8M this year, so I loan you $2M

- You then borrow from someone else to pay me back

Kind of like a rolling credit that is more about cashflow than debt level. Countries like the US were worried that Germany would just run out of cash at some point.