Good point FP. If a default was imminent letting go of their hand first time around would've made more sense. Back then it was just Greece, Ireland and showing up on the scene, Portugal. The US was still under QE2, the economy was 'performing', the debt ceiling wasn't a priority, the French and Germans were nowhere near Euro 'contagion germs' and they could've saved themselves a few billion, which would've been useful in hindsight considering they ain't doing too well, Germany, that is. It's best they act soon before someone puts up their hand. As if it's only six! The more drama unfolds the harder it is to keep rational. Sentiment breeds fear and that not good for clear thinking.
