[–] FreeSpeachRocks [S] 1 point -1 points 0 points (+0|-1) ago
Rehab often involves less toxic substitutions to ease the withdrawal. Compares the coupon rate on the Greek Debt to current interest rates. The Banks haven't begun to take a shave.
Fixing this problem certainly requires a migration to fiscal responsibility. Yet fiscal responsibility is a learned behavior, particularly when it comes to consequences that come due 30 years later. Unfortunately many people have been advocating fiscal irresponsibility for a long time. Remember that Keynes scoffed "in the long run we're all dead". Well here we are. He's dead and the Greeks are being held accountable for following his (and others) advice for too many generations.