Greece's troubles...

Greece’s debt is not in its currency which is risky... possibility of a default... If the ECB has not bought all the G-secs (which is too risky) itself then it can give the domestic creditor a relief by buying the bonds... The point of discord between the new government and the ECB is that the government wants its debt to be forgiven in the name of employment, growth and Greece’s people... This is one of the condition which can make life easier in the country without a central-bank to run QE to increase inflation and reduce real-interest-rates for businesses and a cash strapped government which cannot use fiscal policy to reduce unemployment... Unemployment is unusually high above 25%...  And, inflation is in negative territory, means deflation...  Unemployment high and deflation means demand has been severely affected first by overleveraging, and then by the austerity, spending cuts and taxes... Spending cuts means lower employment and taxes, even less employment... It is definitely a demand problem... The supply-of money, either from monetary-policy or fiscal-policy, to the economy has choked... Or, the other condition to make life easier is have their own central-bank and mint, to correct misadventures... (a euro-exit...) and to improve money-supply...  Look at the US, UK... and other country with own currencies... It is troubling the public.. If EU wants to be successful fiscal union, too is required... is right way to do it... Not blackmailing... The deed is done...