Remember, it is perfectly possible for the Greek government to go bankrupt withour affecting the value of the euro. Just as it is possible for rhe Californian State government to go bancrupt without causing the dollar to collapse. A perspective needs to be kept to properly evaluate the Greek situation. The problem is that no one wants to reward fiscal irresponsibility and encourage a contiuation of living beyond one's menas.
In a family sitation it would involve trying to decide how to help a younger brother or sister who insists on spending more than he/she earns. Can the sybling be reformed, or is it best for all concerned to let bankruptcy and/or high interest charges serve as a deterent and hopefully a corrective discipline
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