In 1953 Germany had half its WWI debt erased to rebuild the country and curtail violent attitudes.<p>Also, Greece did not dig themselves in this hole alone. Its a little telling that so many EU members kept lending to them despite ample signs of fiscal irresponsibility.<p>I agree with the general gist of your argument but you can&#x27;t treat firms and nations and equals in this case. Greece&#x27;s problem reflects a deeper concern of international debt structures and the concerns of the union against those of member nations.