The biggest point that is rarely raised in this whole debate is that Germany has benefited for the last decade from the low Euro; which has been courtesy of the Greeks. In the last decade the Germans have had their main stock index gain some €40T (much more if you take from 2003). The increased tax income to the German state over this period would handily pay off Greece's debts. So Germany has benefited from Greece over all these years and now they refuse to pay for that benefit.
This is a case of ideological holier than thou treatment, a bureaucratic banality of evil. Meanwhile people sleep on the streets in Greece, from children to pensioners.
Both the past Greek governments shouldn't have borrowed the money, and the past European governments shouldn't have lent them the money; now both sides will suffer. And I'm starting to get the feeling that only one side will learn from this (and it isn't the EU bureaucrats, calling them technocrats is too generous; they follow the rules and ideologies even when they are wrong).
This is a case of ideological holier than thou treatment, a bureaucratic banality of evil. Meanwhile people sleep on the streets in Greece, from children to pensioners.
Both the past Greek governments shouldn't have borrowed the money, and the past European governments shouldn't have lent them the money; now both sides will suffer. And I'm starting to get the feeling that only one side will learn from this (and it isn't the EU bureaucrats, calling them technocrats is too generous; they follow the rules and ideologies even when they are wrong).