Germany and the Greek Default

BBC News: Reports that Germany has scaled down expectations for the emergency meeting by the EU on Thursday to discuss the Greek Debt. Lets be honest here folks, the biggest problem faced by the German Government is the fact that the German tax payer is not happy with all these bailouts. Thus the idea by Germany that private banks with Greek debt should write that debt off, this plan in the view of the credit agencies is a Greek default, thus a big problem. At some point even Germany will have to pull the plug on Greece, the longer the wait, the more political damage for Chancellor Merkel, and more Greece will suffer under its austerity package, when will the EU gets its head out of its backside, and see the real world folks, its an interesting question folks.