It wasn't a delusion, it was a lie-- they've known all along that default was inevitable, they simply lied long enough to con the German voters and cover their own positions, leaving the German taxpayer and the ECB on the hook.
Same as what our banks did with TARP, etc.
leaving the German taxpayer and the ECB on the hook. Same as what our banks did with TARP, etc.
Our banks paid back TARP. The Treasury made tens of billions in profit.