^ Agreed. That is why a lot of analysts are saying things are looking pretty bad. You can't keep telling Greece to cut, cut, cut but still hope their economy will grow to actually pay things back at some point. All those countries have large unemployment - more austerity isn't going to help them grow organically out of debt.
I think Greek elections are in a month or two. I wonder if the government will even survive/any of these cuts get implemented. Even if this bailout happens this time around, it hasn't solved anything. You've just given a small amount of crack to one of the junkies (in a room full of junkies) to last for another month or two. People are already looking to the next round of bailouts.
It is only a matter of time; but perhaps it is only being a matter of time before an exodus happens out of the Euro as it exists now.
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