The borrowers were greedy, so they hired sharpers to help them borrow money they knew they couldn't repay. The lenders were greedy, so they looked the other wa

The borrowers were greedy, so they hired sharpers to help them borrow money they knew they couldn't repay. The lenders were greedy, so they looked the other way and hoped their high-risk bets would pay off before things went south. Deceit isn't really relevant here. The lenders consisted of hedge funds, major banks, large pension funds, and other financial entities. We're not talking about retail investors here, but people who had plenty of experience in sniffing out this kind of fraud. The bottom line is that they didn't bother: they looked at the eurozone membership and bloated ratings and pulled the trigger for an extra few basis points. After that went to hell, the official-sector lenders, who employ endless ranks of PhDs and ex-bankers to help them set policy and make financing decisions, stepped in and lent the Greeks even more money on ultra-sweetheart terms. Now that money is not going to be repaid, either. Who would have expected that outcome? Oh, right... everyone. Really, at what point are we supposed to feel sorry for any of these people? I can't. With the exception of whatever tiny number of Greek citizens have steadfastly and publicly refused to support their government's choices, not only today but dating back to the go-go 2000s, every single player in this pathetic drama has gotten what they deserve. You can try to make this into some BS class-warfare thing, you can try to make it about left-right or broken EU politics or any number of other things, but what it really boils down to is persistent, pernicious greed coupled with persistent stupidity of spectacular magnitude. There's nothing else here, nothing to debate or cast aspersions over. Just greed and stupidity. Don't try to make it about anything else.