From the perspective of lending, it doesn't matter if a borrower is church attender, a drug dealer, beats his kids, or goes to work half an hour early every day

From the perspective of lending, it doesn't matter if a borrower is church attender, a drug dealer, beats his kids, or goes to work half an hour early every day. It is simply a matter of perceived ability to repay. Germany, especially after complete restructuring following the war was manifestly a decent credit risk. Greece is another story. The moral arguments in this scenario are just noise.