[bruinbirdman]

"In this case, the European leaders are so bound and determined to not even temporarily let go of a failing country, "

The problem is not just Grease.

The problem is the insolvency of most financial institutions and governments in Europe.

Asking for a bailout from ECB is admission of insolvency!! They're all broke.

So far, Iceland, and Grease have their fiscal budgets under ECB control. Italy has a European Commission appointed prime minister.

The Eurotopian Zone is just shuffling limited euros around trying get the sovereign debts back to the countries who issued them before the whole thing collapses.

Granted, if and when Grease leaves, that is all she wrote. Look for ECB/Deutschland to bail out Grease for a few more months.

yitbos

[bruinbirdman]

"So far, Iceland, and Grease have their fiscal budgets under ECB control"

Oops. Make that Ireland not Iceland. Can't forget PIIGS, Portugal, Ireland, Italy, Grease, Spain. Just a few of the bust Eurotopians.

yitbos