> First of all quite a bit of revenue becomes available to the state if debt repayment is suspended. Good to know you completely disregarded what I wrote about

> First of all quite a bit of revenue becomes available to the state if debt repayment is suspended. Good to know you completely disregarded what I wrote about Greece's primary deficit - their government could not pay for itself even before debt repayments. There would have to be very deep cuts, deeper than now. > Second money markets will immediately be prepared to re-loan to said country. No. When you look at Argentine's debt default in 2001, in 2013 their foreign currency debt was still only 8.3%, which means that money markets still don't believe them. > Does that sound like reasonable and safe financial management? I am not saying EU is in a good financial health - it obviously is not. But letting Greece go bankrupt could very well be a start to a European economic suicide chain-reaction. > 8 years since the last recession It's not 'since' - the stagnation still has not ended. > The EU is even fighting (and fighting VERY dirty I might add) in organizations like the WTO against people insisting on more safety. More safety of what? There are several currents of activities going on and yes, some are less than ideal, but on the other hand the EU regulations on e.g. food safety are among the best in the world. > First of all, most countries never follow them. No. > The point is that the rules are selectively enforced Yes > The only countries that have not built up extra debt That is not the point of the rules. The point of the rules is that public debt should be manageable (total debt less than 60% of GDP, less than 3% yearly deficit, ideally hovering around 0%). > If that's true, why isn't every rule violator stagnating? See above. > because they lack the political power to force the ECB to inject billions into their economy. France lacks political power? Please :) Anyway ECB cannot do it directly, but through QE and other instruments it does exactly that, for years. Without that, Italy and France would be in a much worse state, probably bankrupt.