I heard on the radio it has nearly become a fact, it will probably become fact soon. Greece is about to default on it's 350 billion euro debt. To tell the truth, it's about bloody time as well. What europe has failed to see most intelligent people already had, if you have a losing horse you don't keep racing him and hope he'll change. Let them go and sell the horse for dog food. Greece can then bring back the Draccma and get themselves in order. Then the rest of the world can go to Greece on holiday and wonder at the great low prices they have. The only downside to letting Greece slip is the domino effect. Politicians will then look on in great concern to see how Portugal, Itally, Spain and Ireland all react. Let them drop like stones as well I say. The reason is, this big wonderful european model of finance was never going to work in the first place. Some of the entrants clearly should not of been part of the euro or european finance. Portugal is by no means a European country, it's never really had anythng other than sun to give the world, even if you allow for cork and rose wine, it's not much at all. I don't know a great deal about Itally, Spain or Ireland. Ireland being an odd one out on account it's not as sunny there and they make Guinness. I always wondered how Ireland could of had such a crazy building boom as well. There are just hundreds of thousands of new properties unlived in and going derelict. Again a move made by a crazy notion and optimism for the future.
Somewhere out there, sits a few very rich bankers who have succeeded in brining the entire western world to it's knees. They probably can't wait to go to Greece on their next holiday as well.
