"because they were certain that ECB (or EU) would guarantee their loans." I doubt this. The ECB and EU have not ever done this, and thinking through it just fo

"because they were certain that ECB (or EU) would guarantee their loans." I doubt this. The ECB and EU have not ever done this, and thinking through it just for a minute means that this is highly unlikely. I can't fathom why anyone would actually think this is going to happen with any degree of certainty. But I get the impetus that 'way back in the 2000's' that people might have 'felt this way'. Also - there's a lot of fault still on the side of the Greeks in this case.