And it's gotta be hot
And it's gotta be big
And it's gotta have cucumber sauce

Time for a musical about the fun of being an abandoned Greek orphan.

You like-a da juice, ah?

They better get used to a more spartan lifestyle.

natmar_76: Why does Greece need this much? What are they going to do with it?

Serious question.

Those mega-yachts aren't going to buy themselves.

TofuTheAlmighty: Greek Bank rescues needs "tens of billions" more

No less accurate.

The Greeks cooked their books (with some help from Goldman Sachs) and banks were dumb enough to keep lending them money. Why should bankers and investors get off scot-free while Greek citizens alone are made to eat shiat sandwiches?

someone needs to RTFA.

Let them go bankrupt already, please...it is really painful to watch.

JK47: Because Greek citizens haven't been paying their taxes (~ 30% of their GDP is unreported income) as a matter of course...to such a degree that they wouldn't have a fiscal crisis if they'd simply paid their taxes when they should have.

this this more this

in the end, if they want to beg for more money, then they should stfu and take the money at whatever conditions.
or they can stfu and default on their loans ...
but all this, SAVE US, but dont make us suffer

bwhahahahahahahahahahahahahahahaah

Goodfella: And that's just the beginning. If Europe is kicking and screaming and can barely scrape together a few lousy billion euros, wait till France and Italy and Spain have to meet their bubble payments.

Where the hell is Italy's broke ass going to come up with $140 billion Euros by April?

Bye bye, Euro.

[img94.imageshack.us image 545x291]

Greece's creditors will write off more than HALF of Greece's debt. Because as bad as that sounds for them, the alternative would suck even more. A new Greek drachma would plummet in value overnight, wiping out most of their holdings.

You know the old saying, if you owe the bank millions, then the bank has a problem. It applies to Euro governments as well as to anyone else.

Their creditors have much of the same problems as Greece's, only there's more of them.
Have them write off enough debt that those countries have room to breathe and can reform their governments. This is the best (as in, least bad) solution for everyone.
If any of these governments can't, or won't play along (because their people won't let them), then kick them out of the Euro like the cancers they have become. Germany and the rest will do this because it's still tons better for them to kick out the rabble than it is to scrap the Euro altogether (again, better = least bad considering what's available).

Anyway no matter how many countries do end up leaving the Euro (if any), the currency itself was due to lose some of its value. This will help both the Eurozone and the EU as a whole in the long run.

If you collapse the Euro (assuming that's what you meant), you will get even less if any of those countries owe you money.
If some countries are kicked out it will be because Germany et al will have decided that they can't rely on them to play fair in the future, and that they are more trouble than they're worth.

MaxxLarge: And it's gotta be hot
And it's gotta be big
And it's gotta have cucumber sauce



"Over in one."