And what would be the larger political consequences of a financial bailout in an age of populism?

In an effort to stamp out the risk of financial infection, eurozone leaders assembled the world's largest financial bailout, a €750 billion package of loans and financial guarantees, announced last week.

Six months later, the leftist leader capitulated to creditors' demands for added austerity, and agreed to a third financial bailout.

It also opposed the 2008 financial bailout of banks, and helped to organize protests of the bailout.

Another financial bailout was needed.