The most reasonable comparison is with Latin American countries during their debt crises in the 1980’s and 1990’s. Despite significantly lower debt/GDP ratios and continuous debt restructuring, they eventually needed the large debt reduction that came with the issuance of Brady bonds to achieve some breathing room.
而即使希腊用某种方法达到了124%的里程碑，其债务也不是可持续的。那时，希腊充其量也只是回到了2010年5月的起点。最合理的比较是20世纪八九十年代债务危机中的拉美国家。尽管它们的债务/GDP比率低得多，也进行了持续不断的债务重组，但最终仍需要债务减免——布雷迪债券的发行给了它们呼吸空间。