[dpark]

Forgiven debt is not "paid by someone else". It's a write-off by the creditor. Creditors would likely not write off a bunch of debt and then lend Greece more money.

Now, if the bailout actually paid off the creditors and Greece now only owes money to, e.g., Germany (the IMF, etc), then sure, the original creditors might extend new loans to Greece if Germany forgives the Greek debt. But then, that could happen anyway, because the bailout already happened.

[tomp]

Well, the creditors are mainly other EU countries, so it would arguable be "paid by someone else" - the countries' taxpayers.

[lllllll]

Related relevant image: https://pbs.twimg.com/media/B8Qf65ACYAAH3BR.jpg