Greek voters don’t want austerity and Germany is in no mood to subsidize its spendthrift habits.
Voters don’t mind much transfer payments if the recipient doesn’t resent them.
But when the recipient says “up yours” like Greece, the feeling is no matter how much you give them, it will never be enough.
The EU is caught between a rock and a hard place on Greek demands for austerity relief and German demands that Greece live within its means.
Cut PR loose and let it float down to Argentina!
Greece, Puerto Rico, we gotta get these two together.