I
know this is not not popular wisdom: A complete Greek bankruptcy would
probably be the best solution for that country and its general
population, along with the rest of Europe.
It
would actually be the best medicine for Greece and the world, despite
the gloom and doom portents being given. The pain would be severe
but short-lived. Not much more than what is still festering after
current efforts.
The
result would have been the lesson Greece, Europe and the U. S.
desperately need; that you cannot avoid living forever on air or the
productive energy of other taxpayers. Debtors would learn to tighten
their belts today, not down the road, tomorrow.
Bailouts
always fail except for politicians in office who keep kicking the
solution- can down that road. (See the Earl J Weinreb NewsHole®
comments and @BusinessNewshole tweets.)
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