Well no shite. Germany isn't budging on their request to slash the loans. And so Greece thinks it can win this way... Because they are not willing to make the necessary adjustments. Sure- no one wants to make those cuts... But if they had any sense at all- they would have looked at Ireland's example and seen it's much better than the alternative. But they think they can bend the rules, because they believe that Germany would rather see people loose money than to see Greece exit the eurozone... Which would be done- but you damn well know the media is going to spin it and hurt the eurozone by doing so. But, in the end, can we really blame Greece? These countries were allowed to join the eurozone despite having little in means of a strong economy.