Sure, they did not collapse actually. But their economy very nearly did. Both Greeces and Irelands economy basically only survived because the rest of Europe paid for it. And I think this is a good thing. Europe is a better place if we help each other.

Of course, no country in the Euro zone is supposed to be a weak country. After all, investing so much money in Greece and Ireland is a testament that Europe indeed does believe that these countries can get back on their feet.