No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity. What they need is not short-term relief but, rather, a long-term cure.
These subsidies from four European governments, which include aircraft launch assistance, capital injections, debt forgiveness, have enabled Airbus to develop and range market airliners well below cost.
Forgiveness is simply a decision to cancel a debt.
When you forgive, that means you absorb the loss and the debt. You bear it yourself. All forgiveness, then, is costly.
A promise made is a debt unpaid.
Robert W. Service
Forgiveness is the fragrance that the violet sheds on the heel that has crushed it.