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You could have just shown Paul Krugman's work. While it is certainly a bit of hyperbole to equate austerity without debt relief to blood letting his point is spot on. What Germany is proposing is punishment not a viable solution. It simply does nothing other than punish Greece and scare the piss out of anyone else who may default.
http://www.nytimes.com/2015/07/06/opinion/paul-krugman-ending-greeces-bleeding.html
http://krugman.blogs.nytimes.com/2015/07/15/an-unsustainable-position/