Telegraph: Reports that the Greek Prime Minister, George Papandreou has stated that Greece will follow through with its austerity package as to keep Greece from going broke. This policy is pointless for Greece, it will default, it will hurt, it would better for Greece and EU/Euro if it did default and leave the Euro, then the Greek Government could start from scratch, it would receive loans from the EU/IMF as it would not be able to raise money on the open market. The austerity package and the bailouts will not work, sooner or later, and more chance sooner the Germans will say no to more bailouts. Also some Euro Countries want Greece to put up collateral before they get another bailout, also what about the Greek people, do we want a Greek Spring in Athens, a Democratic elected Government overthrow by the mob, in the birthplace of Democracy after all, sad days for Greece folks.
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