Well, first of all I suggest you actually read the source about the content and structure of the new aid package. Secondly it is absolutely ridiculous to throw the booming nations of middle and northern Europe in the same pot as Greece. And thirdly Europeans are a lot further down the road to austerity and actually work on consolidating their budgets than the US ( where you canīt even agree on raising your debt ceiling, good luck with real reforms). I finally I will put it in very simple words for you : Europe is community of nations with various economic models and strengths. The strong countries with sucessful export economies (like Germany) do a huge chunk of their foreign trade with fellow countries in the Eurozone and the EU ( which are not the same things). While Greece alone stands for about 2,5 % of Europes economy ( or about 0,5 % of Germanys exports) and therefore even a default would hardly have dramatic consequences, Germany and other net payer nations have a vital interest in ensuring the stability of the Eurozone, even if that means to throw money at the problem. Since an "infection" of larger chunks of their own export markets and trade partners through speculation could have much worse consequences for their own businesses and trade partners. But compared to the profits that for example Germanys export industries bring home the loans to Greece are still neglectible. Obviously that would change if Italy or Spain would be knocking on the door and thus the efforts to contain the problem. For example through a european monetary fund.