I would not be. The reason Greece got such harsh treatment was because their government took over much of the private debt at the outset of the crisis to avoid

I would not be. The reason Greece got such harsh treatment was because their government took over much of the private debt at the outset of the crisis to avoid mass bankruptcies. Thing is that much of that debt was issued by German banks. Thus if Greece defaults, German banking is in for a rough time. Never mind that the German economy hinges on maintaining massive exports, while domestic wages have been deliberately held back.