The Greek debt crisis is simply due to an inherent flaw in Greek culture that is a result of being under foreign rule for 400 years: they have a low trust society. And within low trust societies, this happens in Southern Italy and to a more extreme degree the Third World as well, there is no natural bond of patronage on which relationships and political power can accumulate therefore they have to be bought. This "neopatrimonialism", if you will, expresses itself in Greece through the elections in which politicians give government jobs to their constituents in return for their vote. Of course after decades of packing the government with jobs to gain votes it gets to become quite bloated. So bloated in fact that the government was the largest employer in the entire country. This in effect created a huge government expenditure in order to pay all those government employees and thus bankrupted the country. No one -blam!-ed over the Greeks except themselves.