FinancialPanther "I assume this will be sorted out. Political games atm - nothing more.
I dont understand how it could benefit Germany to allow Greece to default. It just doesn't make sense."
It will won't happen whilst the whole Euro Zone is a row of dominoes. In a domino row only the first has a choice, the rest just follow. Merkel et al. need to stop puffing out chests. Is the US debt political debacle a distant memory for them? Greece is due a payment this month and criteria has to be met, then why do these clowns(Greece and their payees) leave it until the last minute? Who is watching over the zone? Making sure everyone is complying? If Merkel thinks that protecting her banks is going to do anything she is naive. Like it or lump it the Euro Zone is married, for good or for worse in sickness and in health. Divorce denied LOL
As to the Greeks. If you weren't a bunch of black economy thieves retiring at 45 half your problem wouldn't exist. Time to pay the piper.