Greece should learn a lesson from Newfoundland: give up independence to your last masters, in the Greek case Turkey. The excuses made for the absurd debt in which Greece finds itself blame bankers and other evil capitalists yet they neglect to ask where did the money go. Greece has public pension liabilities higher than some European countries several times its size: how did that happen? Greece has higher rates of people living with a defined "disability" and being paid their pension. Greece has a revenue agency staffed at per capita levels higher than most EU members but is at the bottom for actual collection of taxes. All the bankers did was string the Greeks along until collapse.

Tough shit Greeks. Seriously. You elected government after government based upon their promises to spend absurdly while they reassured you that everything would be ok. Nobody questioned when things would turn around, instead they kept spending into oblivion. Again: tough shit.

There is precedence for a former territory to give up independence because they were financially incompetent: Newfoundland. Newfoundland had so much debt that they returned to the bosom of the UK, moved back home as it were, and remained there until they joined Canada. It took decades but finally Newfoundland has some revenue besides Provincial welfare, perhaps someday Greece too will learn the value of income.

The Golden Dawn Party is going to love this.
People of Greece are now ripe for the hating.
Let the groundswell begin.

Hope the ruble works out for them.

I don't think you understand that we don't need anywhere near full employment, so we either make fake jobs for people, which the private sector won't do, or we provide them pensions, at the moment on the pretext of disability, but in a sane society, because not everyone needs to work. You work if you want to travel internationally, eat caviar, not to enjoy a family, healthcare, food and so forth.

Where does money come from?