Wow, I had no idea how bad it was in Greece. This article is an incredible summary. They've removed 40% of pensions, raised taxes, agreed to sell off most public assets within 10 years, agreed to put a 'fiscal council' (read: bankers) in charge of the country's budget.

As a result: Aggregate real GDP fell by 27% while nominal GDP continued to fall quarter-in-quarter-out for 18 quarters non-stop to this day; Unemployment skyrocketed to 27%; Undeclared labour reached 34%; Banks are labouring under non-performing loans that exceed 40% in value, Public debt has exceeded 180% of GDP; Young well-qualified people are abandoning Greece in droves; Poverty, hunger and energy deprivation have registered increases usually associated with a state at war; Investment in productive capacity has evaporated; young workers in several chain stores get fired as they approach their 24th birthday so that the employer hires younger workers in their place to avoid paying them the normal minimum wage which is lower for employees under the age of 24; employees are hired part time for 300 euros (340USD) a month, made to work full time and threatened with dismissal if they complain; Around 1 million families survive on the meagre pension of a grandfather or a grandmother as the rest of the family members are unemployed in a country where only 9% of the unemployed receive any unemployment benefit. ... and I didn't summarize the whole article, this is only about 10% of it!

Overall it looks like the entire population is suffering, no sane young person will stay in the country, and the population are essentially being forcibly reverted to a permanent state of debt-slavery. Not sure about anyone else, but to me it sounds like it is time to cleanse the temple - https://en.wikipedia.org/wiki/Jesus_and_the_money_changers - and default. If the state changes its name and all of its banks go under (perhaps bar one for a kickstart), it might be enough to hammer in to the minds of the rest of the Eurozone that yes, an economically failed state is not the same as its successor. The corporate world allows this to happen: it should be allowed to happen for nations. After all, it's hardly fair for a child to be born in to the world eternally cursed under the labour of a debt which, frankly, the lender(s) made in error. There is risk in money lending, as there is in borrowing, and at this juncture it's immoral to extract anything more from a victim who has already declared bankruptcy and offered up their firstborn.