Personally, I blame the financial elites who helped create this situation (Hello, Goldman) and the politicians on both sides who allowed the country to slide further into this no-win situation. Five years ago, this whole situation could have been handled quite less dramatically.

But Goldman, Deutsche Bank & friends were still heavily invested. Sure, it was obvious that the situation wasn't sustainable, but as long as profits were to be made, they were making them. Fast forward to now and the banks have absorbed the so called bailout money while the Greek are left with an impossible situation. Mission "Profits = Private, Losses = Socialized" has been a success once again. How surprising.

So, no, I'm not blaming the current greek PM for being in a situation without good outcomes. But democracy? I don't really see how democracy could fail anyone in the US or the EU. We'd have to actually have it, first. What did fail us once again was our system of financial plutocracy. But that's the whole point of a plutocracy.