The experts are out in force today solving the Euro’s problem. It’s easy, just bankrupt all the Banks in Europe!
But all the Banks in this mess are tied into sovereign debt to such a huge degree, that to save a relatively small economy like Greece the Politicians are prepared to kill off the financial sector in the European Economy. ‘How stupid is that? ignore Greece, let it sink or swim. They are not interested in economic reality, they do not pay their taxes, avoidance is the name of the game.
Look at what happened in Britain and the USA. They saved the Banks and destroyed Government finances, by chasing a situation that should have been allowed to find its own correct level. Those parts that were not financially viable should have gone to the wall, and so it is with Greece. The country is bankrupt and should be allowed fail and then, to arrange a financial restructuring outside of the Euro zone.