German banks were stupid and lent money to Greece. 2008 Merkel saved German banks by moving Greek debt from private to public hands. They have been giving money

German banks were stupid and lent money to Greece. 2008 Merkel saved German banks by moving Greek debt from private to public hands. They have been giving money to Greece just enough to cover the interest payments while pursuing a politics of austerity that devastated greek economy and employment. Greeks got fed up and elected government to end austerity. Merkel was stupid [expletive] and refused to give real deal on the table - one that must include basic debt relief. Tsipras got case of no balls and asked greeks to vote instead of just choosing to default. That's is.