> Given that Greece is 'paying' for these imports with borrowed money, which is unlikely ever to be paid back, how is this setup benefitting?
> Well, the Euro collapsed for everybody, so all other Euro members had exactly the same benefit.
I don't know if you're trolling me or not. Maybe you should read a little bit about the context before engaging into similar discussions.
A few good starting points:
Also read about public debts what they are and how they did evolve.
Finally, you're looking financial answers to a political problem. Strictly financially speaking, debt restructuring is the only sensible solution to Greece AND everyone else. What you're watching, is a live show of poor justifications from failed politicians (all over the EU).