Greece to issue new bonds at a sustainable interest rate. New creditors stepped in, instead of walking away. We know them as the troika -- made up of the European Central Bank, European Union and International Monetary Fund. Greece's meltdown led to bondholders taking the haircut, yet the country is set to take another package of aid. But it ca n't inflate its currency -LRB- it lost that option when it joined the euro -RRB- and ca n't default -LRB- for the same reason -RRB-. READ MORE: U.S. must shake this addiction to debt -- or kill the recovery The latest plan is not the bailout, but the bail-in. Look at Cyprus. Bond holders hold off, the depositors pay up -LRB- those forced to bail-in -RRB- and everyone holds their breath hoping the country can rebuild its economy and banking sector and eventually pay back something. After all, the troika expects to be paid back. If not, that would be a default. All this makes you wonder why the USA would even want to be mentioned in the same breath or paragraph with these countries.