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Yep - and with every week that passes, the potential of a default increases. Perhaps we need to start a new thread "Possibility of Euro implosion this month"

don't mean they are as industrious or efficient. My point is that, either way, someone is going to lose ... so is it the majority (southern Europe) or Germany? Methinks Germany has a better chance of pulling themselves out of a pickle than the rest.

So - the options are either Germany ... or the rest of the Euro ... gets hammered/rescued. It's one or the other and you can't choose both

That's actually a very interesting way of looking at it ... when you consider you've got Greece, Italy, Spain, Portugal and potentially France (and all those other's I forgot like Turkey), all being held unsustainably high by Germany.

Oh dear - the process Spain went thru is looking very familiar ... so called failed stimulus (non-stimulating infrastrucutre spending) and rising government debt ceilings ...

thanks ... and wow ... I was almost right. 5 very Northern Europes and Singapore

Wow - a lot got caught out under George W and Ronnie!

wow - Greece behind Rwanda! I'd love to know who came in between us and our cross Tassie mates, but taking to long to download. Suspect some northern European guys (Denmark, Sweden etc) and a bit of Asian (Hong Kong, Singapore) ... but I could be wrong again - sigh - so hard being wrong so...

Greek tax collectors spring to mind

As a complete novice in world politic's - I suspect the argy bargy is a heck of a lot more than purely getting the economy back on track. If only it was that simple. There is a whole undercurrent of ego power mongering, ingrained cultural corruption and general sulky contrary pertulance...

I agree that Tehanu has completely nailed the fundamental problem ... and that is the ingrained customs, beliefs and mindset of the Greek people (generally, but not all). As a good Australia taxpayer, who does everything legally because of fear of the ATO, I was stunned to read, over the...