Tuesday, July 14, 2015. The Greek Crisis and the last bail-out package. History shows that a large volume of debt cannot be serviced - either repudiation de facto. Or the benevolence of the creditors. Irrespective of whether Greek accepts the so-called bail-out package or not - try to repay or not their credit-worthiness is now at zero-level. So they have nothing to loose but their chains. S they over-looked all these and sanctioned l.