A Greek bankruptcy at this time would probably have been the best solution for that country and its general population, along with the rest of Europe and the United States.
It would have been the best medicine for Greece and all of us. The pain would have been severe but short lived. Not much more than what is still festering after the current temporary bailout.
The result would have been the lesson Greece, Europe and the U. S. desperately need; that there is really no free lunch and that you cannot avoid living forever on air or the productive energy of taxpayers. They would learn to tighten their belts TODAY, not manana.
Bailouts always fail except for politicians in office who, to use an apt metaphor, keep kicking the solution can down the road.
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