Markets spooked as Greek rescue plan crumbles

One way or another Greece, and all the States of the USA will be bailed out. In the final analysis all these potential bankrupts can say bailout or anarchy.

Mr Papandreou said his country did not want charity. "We are not asking for money from the Germans, Italians or French, what we are saying is that we need strong political support for reforms and to make sure that we do not have to pay more than necessary. We need to borrow at rates that are normal, similar to the rates other states in the EU and eurozone can use," he said.

Mrs Merkel told the German Bundestag on Wednesday that Greece’s trouble were home-grown and had almost nothing to do with speculators. Hammering home the point, she said the EU Treaties should be changed to allow the expulsion of countries eurozone "as a last resort" if they persistently breach the rules.

The war of words continues. The longer this presists, the more profits that can be made pushing the obvious.

Source: telegraph.co.uk