The analogy with actual war is I think far less unreasonable that it at first sounds. I-don't-know-who said "The First World War was fought with guns, the Second World War was fought with tanks, the Third World War will be fought with banks."

I don't mean to say that this is any kind of tinderbox situation. But it is crystal clear to me that it's at the very least a first-world country being forced by a hegemon into neo-colonial vassal-hood/debt bondage, something that is quite shocking to see, especially when there are no standing armies in sight.

And the violence is real, in that Greece is suffering a humanitarian crisis that will only deepen. Actual people will die prematurely, and others' lives will be wrecked, for Schaeuble's example to pay off, as much as newspapers like to abstract this fact behind phrases like "deep pension cuts".