Greek Default

Telegraph: Reports the following on Greece and the Euro “ eurozone's first-ever default ” and that private investors will lose up to 50 billion from this new EU plan. This is advice to private institutions that hold the debt of the PIGS, sell boys, the EU has in essence stated that the economic word of the PIGS can not be trusted, if the private investors give to the PIGS they are throwing money down the toilet and hitting the tax payer. When the EU goes all lofty I hide by wallet folks, this does not deal with the problem that Western Europe is in fact broke, tax revenue does not match spending, also with the banking crisis of 2008 and other flaws the EU countries just have debt that is growing and not going down, the Germany tax payer will one day say NO, the politicians of Germany and France seem to care more about the Euro than their voters, shame on Europe.