Right now, Greece and Italy are like failed companies, that have had new management forced on them by their creditors. But the difference between a company and a country is that in a country, you live there, it's your life, not just your job. Are Greeks and Italians really content to have their countries run from Brussels, or from Berlin-Paris-London, or wherever the hell the center of EU power is located?
Now of course there is ample precedent for regime change enforced by a country's creditors. There has been lots of this in the contemporary era, mediated by the IMF and the World Bank; probably it occurred in more than a few satellite states of the Soviet Union; to say nothing of the hundreds of empires that history records. It's just remarkable to see it happening to developed countries.
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