Greek Default and the EU

Guardian: Reports that the EU is expecting Greece to default on its debt, and that it is building a firewall around banks carrying Greek debt. As noted in the Telegraph it is expected that 50% of Greek debt will be written off, but that Greece will stay in the Euro. Thus in the short term Greece will be carried then it will default, thus all the austerity measures in Greece are bit pointless, also how can Greece stay in the Euro, it does not help Greece, the Government will not have control of its currency, if you’re a Greek politician and in Government you have to ask why are you carrying the political pain for six weeks when your in effect going to be dumped on, big time by the French and Germans. Also who has a few trillions to start this firewall, the Germans might even say NO that they should take all this debt, lets recall it’s a Coalition Government in Germany, they would like to get elected again in this Century. A lot of great words folks, but my gut is worried, and its not because of a few drinks, this plan sounds great on paper but the political reality to costly.