no improvement in greek land, page-19

Perhaps I missed this little tid bit about Greek debt.

Apparently, last year, Merkozy and the bureaucrats decided that holders of Greek bonds would take a 50 per cent haircut, with the aim of reducing Greece's debt burden to a 'manageable' 120 per cent of GDP within a decade!!

Last year Greek GDP shrank 5% and this year it's expected to deflate by another 6%.

With all this shrinking going on how can a country, 10 years on, recovering from a depression that created 50% unemployment and loosing vast sums of capital, their educated elite and the annihilation of the manufacturing industries hope to recover AND repay this monumental debt.

There's also all this debt paper floating around internally that must be honoured so what should a country like that do?

What is best for it's citizens and their children?

Why doesn't the EZ take pity on Greece and just kick it out of the euro.

It's either a slow desperate strangulation or left to fend for itself in a lonely and desperate world.

That's a choice?