Let's assume John goes to a Ferrari shop and can't afford the latest California T model because it's to expensive. John borrows the money from Tom and gets the car, promising Tom to pay back. John then doesn't deliver on his promise, and starts to whine ... please EU I'm so poor, please bail me out. The EU then pays John's debt.

Then "twobits" would say "Which John never sees, and the money go immediately to bailing Tom who created the problem in the first place."