The Monetary Union ultimately should split up into the North and the South. That way, we northerners, will be going on cheaper holidays instead of sending out taxes over to them so that they can retire at 50. China could bail out Greece but China knows to invest its money well and isn't looking to put its money into a bad investment. Only we northern Europeans are that idiotic.We'll see what happens in the end. The Eurozone couldn't afford to let Greece go as there are others that are tottering on the brink as well and they would see the writing on the wall and leave. Portugal, Spain.
As I said at the beginning the bad players in the world are watching what the western democracies do for each other or to each other. It makes a huge difference.
China could bail out Greece in a heartbeat and realign a Nato member into their sphere very quickly.