The loans weren't given for investments. Besides, if the Greeks had the drachma they wouldn't be given these loans in the first place.

But you started a very interesting topic - who is more at fault in the case of under-performing loans - the lender, the borrower, or is it 50-50?

Greek's borrowing binge was a drug shot in the arm, when they woke up, they found their shipbuilding industry gone... to the new EU members like Poland who sold cheaper and without tariffs within the EU. The Euro made Greek's recovery impossible.

Unintended consequences or something else? Another interesting topic that applies to many cases besides Greece.