We have the same situation in the US.
Sure, the “elites” took the loans so they could bribe the voters rather than fixing their country. The voters still went along with it. All the Eurozone is is a welfare program for weaker countries like Greece to suck on the productive countries. But that only works so long as the productive countries can be bullied into paying.
I believe that a lot of money counted as part of the debt was money robbed from the ‘Social Security Trust Fund’ which is of course empty thanks to Congress.
Perhaps you will never need to collect SS but statistically that is unlikely.
I doubt that people with empty bank accounts will be in large numbers, in accord with your position stated