Greece and the Eurozone
Can't help but think that the current problem rests on two basic things: 1. That Greece fudged its numbers to be eligible to enter the Eurozone 2. That the Euro members don't want to let Greece out for fear of losing face So the crux of the matter is that their membership is based on a lie and for the sake of ego, the other countries are expecting Germany to continue lending money to Greece to service its loans. It doesn't make sense to do so! Face the facts, the due diligence was not done properly and structurally, the Greek economy was not prepared for the influx of cheap money coming in on the back of strong credit ratings which are not theirs. Of course, if we are pointing fingers, then part of the blame also lies in the intellectual laziness of the analysts who conveniently combined the credit ratings and averaged them out, thus making it seem that Greece was more credit worthy than it actually was. [The reverse also happened in the Asian Financial Crisis whe...