However, the Budget and Fiscal Monitor include the recoveries under the Youth Allowance Program as part of Fiscal Transfers. (3dpolicy.ca)
Nowadays, the debt is owed to creditor governments themselves but they are still dependent on Greece and Cyprus paying it back, as public opinion might not forgive them more fiscal transfers. (blog.politics.ox.ac.uk)
«It also has at some level to include an ability to either share debt or to deal with shocks in one part of the system or the other through fiscal transfers.» (politics.co.uk)