In a perspective of sustainability the correct answer is to increase green taxes and a ceiling on the material consumption to secure that the distribution of environmental impacts is reasonably fair.
A combination of factors and mistakes has transormed a minor national crisis to a near-catastrophe spreading to the whole of Europe.The people on whom the burden of Greek adjustment unfairly falls today have every reason to show their dissent.
New American Foundation - Economic Growth Policy Paper: "The troumbling economics and politics of payng Interest on bank reserves" by Thomas Palley (April 2010).
The corruption of credit-rating agencies was at the heart of the financial collapse. So far, Congress has not had the nerve to pursue fundamental reform.