Writing off Greek Debts by Banks ? = Default

Telegraph: Reports that the Standard & Poor's a credit agency has stated that if the Greek Government follows the French plan to in essence write off its debt, it will be in default. This blog has already stated that Greece is in default, it cant pay back its debt, the austerity package will throw more people out of work, thus more welfare, the EU is thinking about French and German banks, once they are secure against a Greek default the Greeks will be thrown to the wolves. The bailouts by the EU/IMF does not go to the Greek Government it goes to the bankers, one can wonder why they bother with the postage stamp, just give the banks the money. Greece is bust folks, that simple and brutal, the Greek Parliament has sold Greece down the river with its austerity package.