The author misses the point. The reason to keep this going is to continue to sell Greek assets, such as they are, at fire sale prices.
What amazes me is that the Greek people continue to tolerate it.
The Greek people want lots of government jobs, with early retirement ages, sizeable pensions, and no chance of a reduction in their cost of living. And they want the rest of Europe to make up any shortfall they have in their own economy.
They have voted over and over for politicians who have promised them that they can live forever beyond their means by borrowing more and more money.
They are now paying for their lack of foresight and their abysmal math skills.
The EU has poured hundreds of billions of dollars to build airports, roads, and other infrastructure. On balance, the Greeks have received far more in benefits than they contribute. The EU made a colossal mistake in allowing them to join. I lived three years in Athens. Corruption abounds.