Timber, they are German! Imagination isn't known to be their...

Timber, they are German! Imagination isn't known to be their strong suit!
In saying that the Greeks are hardly blameless here. Its the Germans & French fault for ever allowing them to join in the first place. But the Greeks haven't shown any interest in real reform in regards the black market economy & were happy to take billions in capital projects but just weren't willing to pay for it. The Athens metro case in point. I feel sorry for individuals who have really no say in what has happened & have been caught up in it & agree to resolve the issue it requires a far more imaginative approach.

Portugal again on its own you are right isn't big enough, but add it to Greece & then you have a growing problem.
As in Greece its the people who may decide Portugal & Spain's fate.
If the Greeks get out & walk out on the debt, voters on those countries may follow the Greek path & elect parties with similar policy. You are far closer to that than I, so would be interested in your views on that.