"Honestly a lot of this should be on Greece. They racked up huge debts while losing their competitiveness in the global market. This led to slower growth. Add

"Honestly a lot of this should be on Greece. They racked up huge debts while losing their competitiveness in the global market. This led to slower growth. Add in attempts to hide how much they were really in debt and you have a recipe for disaster." The Eurozone was fully aware of, and indeed, tacitly endorsed the trick Greece played with Goldman Sachs in order to join the Eurozone. It was on the front page of the Times at the time when it happened. The Greek leaders behind this are gone (but not punished). The Eurozone leaders behind this are still in power. The weak and powerless in Greece are being punished for their crimes. Many people think this is justice.