The Germans are going to get burned financially, big time.
Greece still mad at Germany from the Second World War. Apparently, Germany paid some countries for what they destroyed by did not pay Greece. Now Greece could embrace austerity and put itself back on its feet eventually, but chooses not to. Long memories, according to a friend.
Europe tried to be the United States of Europe but it’s not working out that well. Too many millennia of fighting one another.