This here, this is what I was talking about people not talking about the same issue.
Greece had problems back in 2010.
Greece had problems long before that, 2010 is when they were finally revealed. It got into eurozone back in 2000 using faked statistics that hid their budget deficit and real size of debt. 2010 Greece credit rating got downgraded to junk class and costs to maintain their debt skyrocketed, but that was only because people finally understood how severe the situation was, not because the crisis was somehow created then and there. Greece was living on borrowed money, had been for more than a decade, and it's budget deficit meant that it had had to to keep borrowing more and more to pay it's previous debts all that time. That is not sustainable in any way, and was only possible as long as Greece got loans on low interest, and that's what ended in 2010.
And now people are insisting that Greece didn't do what it did. Because to do that would be to admit that the ideas were complete and utter shit, that Greece had more then paid penance and the situation was now Germany and France's fault.
In all the news I have seen it's been very clear what Greece hasn't done; budget cuts they agreeded to do in Austerity™ Part 2 back in around 2012, which left hole size of ~1.5 billion € that they couldn't get from anywhere else in their budget, and couldn't pay before the deadline 30.6. Now that's tiny amount considering whole project had cost ~200 billion overall to the EU at that point, but it's not questionable that Syriza refused to make cuts that were requirement for furter aid to Greece while still asking for more money.
Obviously, no deal was made till now.
Also, Greek economy being shit was Greece doing, not France and Germany.
Well, not entirely..."Delay the issue" would in fact have been far more generous then what Greece was asking for. Delay the issue would be giving Greece another six month punt without any demanded reforms. And here's the funny thing, if Germany had delayed the issue over and over again for long enough, the problem would have gotten a hell of a lot more manageable.
That does not compute.
From before 2000 Greece was spending more than it was making and had to take debt just to pay the interest on previous debt on top of the debt they had to take to cover their annual budget deficit.
EU could pour free money to cover the Greek budget deficit AND their loan interest costs to stop things from escalating, but that would change nothing untill Greece balances it's expences with it's incomes.
I don't know how you can consider living on constantly increasing debt to ever turn into " manageable" on it's own, because that logic is alien to me.
I dont know what the European equivalent of Fox News is, but stop getting your news from there:
https://fsaraceno.files.wordpress.com/2015/06/2015_06_reforms_greece_11.png
^ Cuz what you are saying is that thing that's the opposite of true.
Probably links from this thread, though do notice I talked about all public spending vs just social spending measured in your graphs. That was actually my mistake, I really should get some sleep...
I do point out that just measuring social spending doesn't cover everything Austerity™ is supposed to effect since it excludes government employees, who in Greece have some of the best benefits, among other expences.