and is pretty sure a Greek bond default will not bring down the Euro-Zone. So Greece faces default by itself. http://blogs.the-american-interest.com/wrm/2012/02/10/greece-faces-the-endgame-alone/ Will the agony of Greece be a cautionary tale for Ireland, Portugal, Spain, and Italy?
Let Greece default and let that be a lesson to others! The greek people are acting like babies. They want to have their cake and eat it too. The socialist politicians are all to happy to give people whatever they want and they just borrow the money to do it with. Denmark did the same thing back in the 70s. Debt was out of control and the socialist government had to resign because they could not balance the budget. That proves to me that socialism don't work. So a more right-wing government had to come in and pick up the pieces. It then takes about 15-20 years before people forget the folly of the socialists and elect them again. The cycle repeats itself over and over. People never learn.
Without adequate public spending there will be violent revolution. That's something that European conservatives fail to learn- and it's only periodic control by Socialists which keeps the ship afloat. What does it mean for ordinary European Joes if the Euro and the Eurozone collapses ? Sod all. It's a game for control freaks and wannabe European Presidents in which they are not allowed to participate anyway. Europe was a richer and more productive continent before economists and globalists tried to herd cats.
Having started this global economic mess, is no wonder Germany is reluctant to listen to those who haven't followed their own advice... Build more credible financial firewall: US to Europe Sunday 26th February, 2012 The eurozone has made remarkable progress in fighting the debt crisis, but should build its own more credible financial firewall as soon as possible, US Treasury Secretary Timothy Geithner said here. See also: Germany bucking Europe fiscal firewall Feb. 26,`12 (UPI) -- Germany's finance minister told Group of 20 colleagues in Mexico City he was not sold on the idea of a major monetary firewall against Europe's debt crisis.