Commenting on the EU‘s inability to deliver its end of the bargain despite the savage spending cuts Greece had delivered, Alexis Tsipras, the leader of the opposition Syriza party, said last week that his country was becoming a „debt colony“. A couple of days later, Hernán Lorenzino, Argentina‘s economy minister, used the term „judicial colonialism“ to denounce the US court ruling that his country has to pay in full a group of „vulture funds“ that had held out from the debt restructuring that followed the country‘s 2002 default.