This was the original sin: reckless spending by Andreas Papandreou, who was by the way a Harvard-trained academic economist. Shame on Harvard.
When the debt gravy train finally went out of steam, desperate Greeks started to seek political alternatives:
Just by the way, it was not bankers who made money from the Greek agony. Certainly not Greek bank shareholders:
Old financial sins from the 1980's and early 1990's are the main culprit of the current economic troubles of Greece. Socialism never works. Not even the democratic Papandreou-style socialism which was once so popular among Greek voters. Those who blame austerity don't realise that it just means opening eyes to see the sad state of affairs.
A white male with some professional experience in finance and investing.