Beware of Greeks and gifts.

Some little while ago a leading economist said that a Greek default was inevitable. How he laid it out was a period where the banks bailed out with it's debt transfered to the IMF and ECB.

Then he said Greece would roll over and fail, so, yet again, the private sector banks that acted in a reckless fashion walk away from the hole they dug. This leaves the taxpayer to pick up the bill and of course ultimately those who benefit least from the capitalist system get to underwrite it's profligacy.

I am not left wing really.....

R