> Greece cooked its books and Greek debt holders at the time of the bail out were suffering the consequences of lending to a fiscally irresponsible state. You

> Greece cooked its books and Greek debt holders at the time of the bail out were suffering the consequences of lending to a fiscally irresponsible state. You (and many others) are doing again the same mistake: Everyone KNEW that the books were cooked. When Germany had to choose a pm for Greece after Papandreou's resignation, he choose the guy (Papademos) who acted as a bridge between Greece and Goldman Sachs in 2001. Do you that it is a coincidence? It's propaganda, politics to justify what was about to happen in Greece! I'm not saying Greece had no fault. It sure as hell Greece has it's own false, but don't for a moment believe that at some point in time Germany (or other major EU partners) were deceived by a Greece.