> The countries who loaned them money have a right to be mad about that The countries that loaned them the money we're talking about lent them that money after

> The countries who loaned them money have a right to be mad about that The countries that loaned them the money we're talking about lent them that money after it was already clear that Greece could not afford those loans. The original loans that Greece could not service were paid off by loans extended by the ECB and others, and Greece was given some assistance in paying off these new loans in exchange for certain austerity measures. These countries absolutely do NOT have a right to be mad if the very austerity measures they insisted on are causing the Greek GDP to shrink and making it harder for Greece to service these debts. > The organizations that Greece borrowed money from are not "banker overlords". Greece chose to take the loans, and they can choose to default on them if they wish (and accept the consequences, like a person would, including ruining their credit rating). Well, no, they can't. Because, again, the last time Greece came close to defaulting on their loans, these are the people who banded together to bail them out. The entire point here is that Greek shares a common currency with the rest of the Eurozone, and a Greek default has impacts on the rest of the Euro-using countries they would rather avoid. So they are trying to come to an agreement that avoids a Greek default.