So misthos, I'm reading between the lines here and I'm thinking gee, maybe the Euro political hierarchy which is above individual nations is trying to play favours with countries, and Greece is going to be the poolboy instead of the pool owner... There's nothing stopping the euro leaders from shorting Greek debt via CDS and making more money than the debt would be worth via some kind of intervention.. The bankers obviously know this.
I don't rule that out. There's more to the story than the stereotypical north v. south cultural divide.