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World leaders opted for what Keynes called a “Carthaginian Peace”, designed to crush the Central Powers.

Before the vote was taken, he described the measures agreed upon in Brussels over the weekend as “a new Versailles Treaty”—a reference to the Carthaginian peace that Germany’s enemies imposed upon it after the First World War.

Some analysts compare Germany after the war to Russia now, arguing that just as Germany rejected the “Carthaginian peace” at the end of World War I, so Russia is now rejecting the “settlement” of the Cold War, seeing it as unjust, chafing over its defeat and prompting a new Russian aggressiveness and irredentism.

The economy has been crippled by the terms of the bailout, a Carthaginian peace if ever there was one, and the country's debt ratio is bound to explode.

Peace, Carthaginian, peace, and hear me, Dost thou not know, that on the very man Thou hast insulted, Barce's fate depends?