Greece is an otherwise insignificant country that is given disproportionate importance due to its use of the Euro as a currency. Germany was wrong to allow Greece into the Euro and wrong to not kick them out.
Why aren’t the Germans (or Canadians) running the IMF?
it is too late.
what would happen is all the piigs and more would withdraw from the euro and repudiate the debt.
The problem was that the big movers of the EU thought they could BUY the smaller countries rather than use bullets like the old days.