The Marshall plan supported the rebuild of Europe after the WWII ("supported" in a much stronger way: it was based on donations, not credit), for a long time. W

The Marshall plan supported the rebuild of Europe after the WWII ("supported" in a much stronger way: it was based on donations, not credit), for a long time. Without that, Europe would have probably needed a longer time to recover - which would have been bad for the world (and particular for the American) economy. Let's not be naive here: the Americans did this because it was in their interest to do it. Long-term, it payed-out. And we need to learn from them in this regard: it is in the interest of Europe to "invest" in a stabilization of the Euro-area. We need to make clear that for a long-term solution, sacrifices and restructuring is necessary - but those can only go so far. Greece has done whatever it was able to. They have no more reform margin. Greece is technically bankrupt, and the Euro-area has to bail it out. In three decades time, we will be happy. This is the first serious crisis of the Euro: how we handle it, will define if the Euro has a long-term survival chance - even if it does not mean immediately collapse. Letting go of Greece will destroy the Euro; which is what lots of short-sighted euro-parties (or self-interested outside parties) want, interestingly.