Originally Posted By: Russ
Greece would rather manage the haircut themselves than allow the Germans to dictate the terms. IMO, $.02


I can't blame the Germans for insisting that the kids cut up their no-limit credit cards as a condition for a bailout. That's a given whether Greece keeps the Euro or not. Germans haven't forgotten the hyperinflation they went through in the '20s (3 billion marks for a pound of bread), and have managed their postwar finances accordingly.