The purpose is to humiliate

‘The Greek Struggle Session’

In Greece now, but the rest of Europe soon to follow: “It’s not the money. It’s the humiliation. The Greeks have been cast in a German snuff film for the titillation of German technocrats and as a warning to everyone now living under the German yoke. You either goose step to the tune being played in Brussels or end up like Greece.

…

“If you are a Greek citizen, how can you have any faith in your Greek democracy? Why would you bother with it? You now see that voting is just a charade. The people making the decisions are in Berlin and Brussels and they speak German. Those are the people in charge, not those guys lobbying for your vote. Comrade, why are you struggling against the tide of history?”

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(Humiliation is a thing American Progressives know how to do quite well. And, Progressives would/will make us Citizens of the World.)