Letters to the Editor: Greek Debt Raises Extensive Issues - WSJ.com

Letters to the Editor: Greek Debt Raises Extensive Issues - WSJ.com:

"If Greece doesn't show that it can reduce its spending, then helping them continue their ridiculous policies will be the worst possible outcome - it may seem salubrious to the blind, but its like giving a family living beyond its means and unable to even make the minimum payments on its current credit cards, yet another credit card.

It postpones and compounds the problem.

And, since the 'new' Greek credit card is coming from other over-leveraged countries, it begins to pull the previously surviving (e.g. Germany) into the group of failed states.

Helping Greece is the opposite of an answer unless they can follow through with draconian cuts - which, are likely to fail and cause major civil unrest.

Greece and its unions and retirees are like drug addicts. They don't want to quit, they just want an assured supply of new hits."