You are wrong. The whole of Europe is sick. Eventually Germany will realize they killed all the export clients they had and their remaining trade partner is China, with whom they have a trade deficit. Then the cows will come home.

one of the world's largest shipping powers
Were one. Past tense.

the largest economy in the Balkans
Which isn't much considering the whole place is in the shitter.

No it works in the USA because the economy is integrated and you have a Federal Government.

Actually yes they are. Part of the agreement is that Greece have to cut wages and pensions by a certain percentage.

The "reforms" were done and the results are shit because the remedy is shit. It has been tried again and again and it has worked nowhere.

No taxation without representation. Ever heard of that one? Would you have liked if the US was in a similar position vis-a-vis the IMF or whatever?

Remember that next time someone tries to sell you a Gold backed currency or other crazy deflationary currencies like that. They are the thing of nightmares.

The Tyranny of the Majority it is. Spoken like a true German. The thing is dear chum, there's always someone bigger than you out there. You just blew out any sort of comrades you could have had. Only the lackeys remain. Those will leave as soon as the shit hits the fan.

_they_ had to implement drastic reforms to even be allowed in
So did everyone else. Including Greece.

Citizens all over the EU are unwilling to pay anymore without vast concessions by Greece.
It's each man for himself and God for all. Maybe the people of Eastern Europe will welcome the Russians with open arms as liberators again.

Hahah. Nope. Check the EUR/USD and EUR/CHF rates. The market is speaking and people have been voting with their feet for like a year now.

s/Brünning/Brüning

Of course they did. That's the result of deflation policies like the ones imposed in Greece. Unemployment and a drop in GDP. See Brünning in 1930 Weimar Germany as an example. If the Germans didn't know themselves this they were stupid in the extreme. But the thing is they probably know this its just an asset stripping move.

In the end he had to cave and sign the Magna Carta. That was actually pretty tame in comparison to what could have happened...

And either way, will Greeks step up their national sport of dodging taxes?

Of course they will. It's unfair taxation. I guess you never saw any Robin Hood movie did you? It's based on historical fact. That part about Prince John lying that he was collecting taxes to save his brother, King Richard, from some Germanic jail while he was funneling the money to his own pockets.

Yes no more can kicking. It will just be like an IMF loan to an African country. The African country gets asset stripped for 30 years and pays the original loan value 3x or 5x over in interest alone. Then after those 30 years the debt is forgiven. Such magnanimity!