EU Summit and Greece

BBC News: Reports on the EU Summit on Thursday that will deal with the Greek debt crisis and its effect on other Euro Countries, the Summit is expected to green light a 2nd bailout of Greece. Folks this Summit has to get real results, if the only answer from the Summit is to throw money at Greece then it has failed. The Summit has to deal with the Greek debt itself, it would be better for the EU and Greece if Greece was allowed to default and then the EU and the IMF could really help Greece with a bailout to transfer Greece back to its natural currency and keep the Country afloat. If the Summit tries to get the banks to write off Greek debt the credit agencies have stated that they will see Greece as in default. Thus the wrong policy announced could be as bad as no policy. Lets be honest here folks, the PIG countries should be allowed to default and restart, otherwise its good money down the toilet to save the might ambitions of European politicians.