Greece has only itself to blame. It mismanaged its economy massively; low taxes: not enough money acquired from taxation; plus horrific levels of evasion, all unchecked; ridiculous pension arrangements, often amounting to 92% of finishing salary; overspending, multiplied by its entry into the EU, when borrowing became easier, and the Greek Government was allowed to borrow huge amounts, and then went on a spending spree: finishing up owing some £300 billion, far more debt than they could ever sustain. Then, when bailed out, and with creditors expecting their money back, entirely reasonably, they whine and squirm.. We could all do that, personally and on a national basis: borrow more than you can sustain, then balk about paying balk. Other counties, Spain, for example, must look on and think it'a one law for one, and one for the rest. Greece should be allowed to leave the Euro, and the EU, and make its own way.. You make your bed, you must lie on it. It would be better for them, in the long run, and for everyone else. To suggest they are being bullied is an absurdity: the IMF, and the ECB are fully entitled to insist on payments being made: they would be remiss to do otherwise. The Greeks have been given huge leeway: it's time to end it.
