While I don't disagree, beware the Law of Unintended Consequences

I suspect the fallout won't stop at the Greek border

For the sake of Greece, I'm hoping they stay in the EU.

For the sake of the EU, I'm hoping they leave it.

But OPs kinda right. They did dig themselves a rather deep hole. Either way they're still pretty much screwed.

"Democracy is the theory that the common people know what they want, and deserve to get it good and hard." - H. L. Mencken

Wow, you are a jerk. Did you also enjoy all the photos of the elderly people fighting and struggling outside the banks trying to get their pension?

Shame on you.

Exactly - Shame on you. Just wait til it happens in North America. It's inevitable. (did you have a Greek bf or gf who hurt you? or more likely someone you wanted that had no interest in you, you sound bitter as hell, ya big suck)

who didn't have anything to do with the collapse - why would you wish harm on someone you don't even know?
Parents trying to feed kids. Quite a mean confession.

It's actually rather frightening. It was a mistake for the EU to open the doors to Greece, Spain etc. before those countries could prove their fiscal metal. Unfortunately, no one can go back in time and the people of Greece don't seem to care if they take us all down with them, so long as they get to keep their retirement age at 55 along with their other perks.

Greece is bad at math.When you don't pay taxes this is what happens whether your 10 or 100 this is the lesson to be learned.Learn the 3 rs. Seniors are broke because they didn't pay their taxes and caused this problem for the younger people. Whoever is left might pull their heads out of their collective asses and do better

European gov'ts bailed out the Greek gov't because it owed money to private banks within their borders. They weren't supposed to do this, but they did, because they're corrupt and stupid as fuck. Would you have lent the Greek gov't money after the Olympic disaster? Greek debt skyrocketed from these bailouts and, as usual, a forced program of austerity was pushed by the rich, powerful nations who had a CHOICE to lend more money to a high risk debtor already on the way to default. Private lenders should have known better, and the IMF and Germany and France should have known even better, and now they're eating shit. Pure hubris, not the Greek people's fault, and the confessor is a fucking idiot.

To the poster above. If you open a credit card account, then you go on a shopping spree, then are incapable of paying it back and the bank asks for its money back you're at fault. Screwed or not.

The same applies to Greece. They fucked up, doesn't matter who lent what. They failed to inact the austerity measures and other provisions tied to the bloody handouts. And now they're laying the fault with the lenders? That ridiculous.

As much as it sucks for the average Greek, the fault lays soely with their government. Namely the fact that the government there hid the fact that they weren't doing so well financially prior to the financial crisis of 2008.

In brief. They hid/maliciously mislef creditors to the reality of their financial system prior to 2009, then failed to enact the policies explicitly tied to the massive bailout in 2010.