For instance, they are a country of only 11 million yet they had multiple presidential jets. In most countries of a similar size the politicians either fly on airforce planes or fly commercial airlines.
I know bankruptcy means different things in different countries, when I worked in the US it appeared as though it was relatively common place. At least if you paid attention to the ads on the radio, here in NZ it's less common and has more of a stigma around it so there is obviously a cultural viewpoint on how acceptable bankruptcy would be.
The thing is that the German (and French, and Italian) people loaned Greece that money, these countries all have a high debt ratio and therefore any money they pay for the Greek debt would be added to their own. They are borrowing money to pay for other peoples loans. Now I know that it isn't as simple as that, a lot of debt for the bigger countries is domestic debt, they've borrowed from themselves to pay another country in order to pay back to themselves. But on the actual balance sheet its a net loss for the tax payer.
What I really want to know is how all of these countries have let themselves get into this state. Pretty much every country in the west is hovering around 100% debt to GDP or over. the only exceptions being Sweden, Norway, Switzerland, New Zealand, and Australia.
I just look at this map and wonder how anybodies lifestyle is sustainable: https://en.wikipedia.org/wiki/Debt-to-GDP_ratio#/media/File:...