Greek Bailout Could Easily Go Off The Rails, Confidential Study Shows

What needs to be understood is that this agreement doesn't solve Greece's debt crisis, This $130 billion is only an installmen­t to cover Bond obligation­s coming due in March. This whole deal will have to occur again, and again, and again ... and unless Greece ultimately becomes an occupied province of Germany, I don't see the Greek people, with a functionin­g Democracy, putting up with too many more rounds of this.



Also, this whole deal is solely about keeping internatio­nal bankers happy, the Greeks themselves will get no benefit from the agreement. It is basically like a business taking out a line of credit from the government in your name to pay off the credit card balances you owe them rather than writing off the loss.
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