If you feel a need to invoke Godwin you should at least try to be intellectually honest.

The citizens in the tumbling EU-nations are paying what they perceive as unfair reparations already (Justification: "You lived beyond your means" - most citizens most certainly didn't). The radicalization is already happening (cf. elections in Greece and Italy).

You make it sound like taking 6.75% out of the small guy's savings account would somehow be better than stretching out the pain or (god forbid!) claiming the wealth back from those who extracted it in the first place.