Re: The Truth of the Matter is this...
It would seem that the Greek problem is that they never managed to reach a primary surplus or put forward a remotely plausible plan to do so,. That would lead naturally to the conclusion that they could not repay any amount of debt in a finite number of years, something that quite understandably concerned their debtors. The reason for failure, whether government giveaways, tax fraud, or other corruption, appears to a first approximation quite immaterial.
Biting the hand that feeds IT
