Greek and other European country bankruptcies would probably be the best solutions for their finances and their populations, along with the rest of Europe.
It would actually be the best medicine for the world, despite the gloom and doom portents 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, 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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