Japan really needs to print more money, have more babies, and rediscover entrepreneurship and innovation. Its problems may lead to what Bass says, but they are fundamentally different from Greece.
As for Greece, it will survive.
It is remarkable that there is more wealth today than ever in history, and our fundamental problem is that there isn't enough work for people to do. Just think of it! Yet we act as if the problem is that we don't have enough stuff, rather than that the system that we ourselves designed, created, and support is sending us signals that we dislike. Mostly it is the bottom billion in the world that knows of want.
all systemic crises are not crises of want but of overproduction/profitability. leading to the irrational and gasp-inefficient situation, stores of capital and unemployed labor side-by-side. Marx figured this out 150 years ago.
