No, Greece could have defaulted completely on its bonds - which were held by the German banks. Then Greece would be OK, and the German banks about to fall like

No, Greece could have defaulted completely on its bonds - which were held by the German banks. Then Greece would be OK, and the German banks about to fall like dominoes. Then the Germans might have become more reasonable about a bailout. After all, they would really be bailing out not the Greek people, but German banks that shouldn't have bought bonds from crooked Greek politicians and Goldman Sachs. I don't see how any of that is the Greek people's fault, and in the mythical "free market" said German banks would have been allowed to go bust years ago.