That's an old idea from Christianity and Judaism: Jubilee

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Of course Germany also had a significant amount of its debt cancelled after WW2 in 1953:

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Posted By: Knitted Jesus on June 30th 2015 at 10:52:06

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Someone please help me here....Jeremy Corbyn wants debt cancellation for Greece? How on (General Chat) - BINMEN8R, Jun 30, 10:43:40
- depends on what the consequences for Greece are (General Chat) - CWC, Jun 30, 13:12:16
- No one seems to care that barely any of Greece's debts are owed to the UK (General Chat) - King, Jun 30, 11:18:49
  - yeah but you enticed the drunk into your pub, plied him with 50p shots (General Chat) - Knitted Jesus, Jun 30, 11:43:04
    - It's not my pub! (General Chat) - King, Jun 30, 11:50:17
      - Lol, I know but you get my point. (General Chat) - Knitted Jesus, Jun 30, 12:02:01
        
        Not particularly. (n/m) (General Chat) - King, Jun 30, 12:16:26
- he's basically just asking for honesty isn't he? (General Chat) - mr carra, Jun 30, 11:15:37
- A deal will be struck eventually. Greece will stay in europe. (General Chat) - Tony Martin, Jun 30, 11:12:11
- "funded by recovering money from the banks and financial speculators who were the real ben (General Chat) - Ralf Scrampton, Jun 30, 10:47:51
- I'm gonna try that approach with Santander (n/m) (General Chat) - Jumbo1, Jun 30, 10:46:05
- Why not just cancel all debt and money (General Chat) - SCC 28, Jun 30, 10:45:24
  - the money released with quantive easing they could have (General Chat) - Pixelman, Jun 30, 11:01:17
  - That's an old idea from Christianity and Judaism: Jubilee (General Chat) - Knitted Jesus, Jun 30, 10:52:06
    - Cool only concern is that it would help ipswich so I'm out (n/m) (General Chat) - SCC 28, Jun 30, 11:05:25

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