Most Greek debt is held by other eurozone countries. Around 53 billion euros was loaned through bilateral agreements, according to researchers at Open Europe. The Greek government would have to renegotiate these with each country individually. Some like France might be more willing to talk; others such as Finland have already said no.
Related: Syriza won, so what’s next for Greece?
A far bigger chunk, 142 billion euros, came from the eurozone’s bailout fund. Any relief on those loans would have to be agreed by all members. All eurozone countries chipped into the fund but by far the largest contribution — 27% — came from Germany, and it will exert huge influence in negotiations with Greece.
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