[csomar]

> You've got robust social safety nets

Depends which EU country he is living in (though he said Europe). Italy pension system is hazardous. Greece is in the EU too, by the way.

[toomuchtodo]

Asking because I don't know: what are the odds Germany and France by way of Brussels bail those folks out?

[imtringued]

Germany will never run an trade deficit out of a stupid sense of pride, it's completely irrational, so 99%.

Just think about it. If Greece needs x billion € to pay its debt off the most logical way to deal with the problem would be to just buy a huge amount of Greek products rather than send x billion € directly.

[csomar]

My guess is, they'll help it like they did with Greece (maybe a bit more generous) but they'll have to pay a big part of the bill (ie: austerity)