I don't blame the Germans either. As a nation of responsible savers, the Germans really want to avoid hyperinflation, they've BTDT. Everyone does what they perceive is in their best interest -- even if it isn't. IMO they're all trying to control their losses and manage the Greek default to minimize damage, but for some Greeks so much damage has already been done that national pride is all that remains.

From what I've read, the Greeks have a history of defaulting. Unfortunately for Europe, the Greeks may take that road one more time but because European financial ties are so intermingled, once the first domino falls more will follow. In the end, even people/nations who have tried to do the right thing will be dragged under.

Then there's the biggest debtor nation on Earth. What should be a survival event for financial institutions could become a survival event on a very personal level, with "Well-dressed Americans foraging in dumpsters".