The economic needs is immediate and the Greek government has only three options. Default and screw their creditors, and in so doing deprive themselves of all access to international capital. Or take the EU's money and actually use it, while cutting the public sector to be able to pay it back. Or three, nukes the public sector by putting debt repayment first and boondoggle giveaways dead last.
They will almost certainly pick the second. But there isn't any revolution or any private confiscation involved in a particle of it. You simply don't find the financial realities dramatic enough for your political stage directions. Tough. It makes you silly, it doesn't change the market or Greece.
Sillyness aside. Recently, Iceland told the creditors to screw it. Ireland chose to bite the bullet. Latvia cut public spending 20% and is biting the bullet. Argentina told the creditors to screw it, confiscated private pensions and took control of the central bank.
Greece has quite the history of telling creditors where to go.
My real question is, I guess, does the EU have the balls to enforce economic necessities on Greece?
yitbos