In its June 2015 preliminary report, the Truth Committee of Public Debt (Debt Truth Committee) demonstrated that the largest part of Greece’s post-2009 debt was in fact private debt converted into sovereign debt. The same countries and institutions that converted private into public debt later entered into a series of loan agreements and Memoranda of Understanding (MoU) from 2010 onwards, the bulk of which was used to repay the aforementioned debt and the ensuing