Ironically, even this formal segregation of funds does not stop the indirect subsidy of abortions: Any participant on the public exchange could use her savings to purchase that additional coverage.

FORBES: Should The Government Fund Abortions?

As I write, French officials ought to be writing internal memos for eurozone ministers showing clearly why this form of indirect subsidy for the Greek government provides more "bang for buck" than simply lending yet more money upfront.

BBC: France's private support for Greece a matter of degree

"The 1992 agreement allows both sides to get subsidy, both direct and indirect, the way we do it, " Mr Leahy said.

BBC: NEWS | Business | Farnborough forms arena for corporate wars