The blame is falling on Greece about ruining the credit rating of all of the countries in Europe. Instead of the wealthier nations in the North however, the struggling countries of the south, Spain and Italy, are complaining to Greece about their economic state. They are worried that Greece's image will also reflect poorly on that of Spain and Italy and as a result their own credit rating will continue to drop.
On May 20th, Italy's S&P credit rating took a negative outlook which fueled their fire against the Greeks. With a debt of 120 percent of GDP, Italy's debt is one of the largest in Europe and they'll definitely be in need of help in the future.
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