With Greece the problem was German/French banks would go under if Greece defaulted on its debts. That's why the pressure on Greece was so high. Basically EU tax

With Greece the problem was German/French banks would go under if Greece defaulted on its debts. That's why the pressure on Greece was so high. Basically EU taxpayers sending money to Greece which just sends money right back to the banks so they don't have to write off their loans and bonds.