If the EU didn’t handle this Greece would end up in a Civil War over this situation. It would be ripe for the pickings in the days of the Cold War to the Russians like they were after WW II when their ass was bailed out.
At least now it’s Europe’s problem and European checkbooks footing the bill and not ours.
I fail to see where socialists bailing out socialists is a concern of ours or how we should tell the weak socialist nation to bail on the better off socialists. Wait until the same thing happens again to a much larger nation; it will happen again.
The EU may be all kinds of statism run amok but now it’s their problem, not ours.