Greece again oh brother
 

Another day and another set of articles about the impending Greek sovereign debt default.  I find it quite amazing that world stock markets are so effected by the issues of a country with only 11 million people.  The main fear is Greece is the first domino and will knock down the other dominoes known as the PIIGS.  PIIGS or Portugal, Italy, Ireland, Greece, and Spain are all countries with extreme debt issues that have the potential to destroy the Euro as a valid currency.  Billions are given to Greece to help it pays its debt even though a future default seems unavoidable.  As countries such as Germany and France insist that Greece institute harsh austerity measures in return for aid, the Greek government drags its feet and delays the implementation of the required measures.  It seems to me that a better plan might be to come up with a solution that insulates the rest of the Eurozone countries from a Greek default and bail out countries that have an actual chance of cleaning up their debt loads.  I am of the opinion that German and French citizens should not be footing the bill for a country that is up to its ears in debt because of poor government management and well documented government corruption.  While I feel sorry for the citizenry that must pay the price for poor leadership it is unfair to expect others to clean up decades of Greek financial mismanagement.