Greek debt crisis 'far from over'

[hughee99]

10. Banksters want their money back...

and not just the money invested in the banks, but the government bonds. Austerity isn't going to fix Greece's problems, but neither is defaulting on sovereign debt, telling everyone with Greek bonds to go fuck themselves, and then asking someone to lend them A LOT of money while they "right the ship". As far as the private Greeks banks, go, I don't think the government should be bailing them out for bad speculative deals but rather let that good old capitalism the banksters love so much do it's thing. As far as how the debt got to where it was, I think each country made their own (smaller) mess, and the financial manipulation just amplified it greatly.

Mostly, I was discussing the Iceland model (as I understand it, anyway) and how it differs from the situation the Greeks are currently in.