Greek debt of ingrattitude

There is nothing wrong essentially in a country defaulting on its debt under certain conditions.The UK for instance could default on its huge debt that threatens to bankrupt future generations mortgaging the yet unborn but it would only be appropriate if it repudiated the whole state spending,borrowing-welfare splurging construct and pledged to never do such a thing again by having a written constitution to that effect.

This is not what Greece has in mind of course.On the contrary it wants its debt written off or euphemistically restructured so that it can launch into yet another orgy of state spending to buy off its client electorate in the public sector with lavish pensions,jobs for life,benefits galore - in other words to engage in the very prodigal delinquent state spending that got it into its mess in the first place.

No one despises the EU more than me but I am actually beginning to feel a bit of sympathy for it in its tortured dealings with Greece and think rather than doing deals with the degenerate and decadent Greek state it should kick it out of the Euro and the EU.Obviously the EU is the architect of this mess as it encouraged the Greeks to indulge in their creative accounting and turned a blind eye to its parlous unsustatainable economic state in order to expand its borders in its ambitious hegemonic vision of a united states of Europe and now the Greek chickens are coming home to roost.I guess they deserve one another.