[AnAmericanAbroad]

Looks to me like they’re trying to show Greece the door.

Why didn’t they do this a year ago, when they should have? It was glaringly obvious that Greece was insolvent; the EU should have put it’s foot down, and told the Greeks to leave (the Eurozone).

A sad case of political dreams and aspirations not squaring with political and economic realities.

[Jonty30]

A year ago, the structure wasn’t yet in place to socialize the losses.

Now that those losses have been socialized, Greece is useless and can go.

[Olog-hai]

If they were "trying to show Greece the door", they wouldn't have appointed their new prime minister. Nor would the insistence be on paying the bills for all the tanks and other weapons of war that they were induced to buy, before paying off anything else related to all the loans disbursed to Greece (they're not grants, remember).

And think about what you're saying. You're insisting that the EU, whose government is patterned on the Soviet Union's government, should "put its foot down". The more power that government gets, the more unwieldy it will get. They've already substituted their own prime ministers for Greece and Italy in lieu of the ones that the people elected, thus destroying the republican systems in those countries. What follows in the wake of that, when they get what they insist on?

[bruinbirdman]

"Why didn’t they do this a year ago, when they should have?"

EU financial system would have immediately crashed. Now, after Grease flames out, they have given themselves 5-10 years to slowly melt.

yitbos