They apparently assumed that the rest of Europe would overlook continuing high deficits, and that, as eurozone members, the market would consider their debt to be just like German bunds, though issued by friendly and welcoming people in an agreeable climate, and with a glass of ouzo on the side.
Aparentemente dieron por hecho que el resto de Europa pasaría por alto los altos déficit sostenidos, y que, como miembros de la zona euro, el mercado consideraría su deuda como si fueran bonos alemanes, aunque emitidos por un pueblo amigable y receptivo en un clima agradable y con un vaso de ouzo en la mano.