Having a national debt is much worse when it is in a currency you don't control, especially when that currency is tuned for a different kind of economy. The current solutions do nothing, as all the money going to Greece bounces right back into German and other banks.
The Greeks may have indebted themselves, but the Euro and its masters are blocking a way out. No good will come of this.
The purse strings were let out many moons ago ... Medusa awaits!