>Uuummhh,
>I am seeing a lot of differing angles in that mess compare to your POV.
>
>>In case you noticed, we in the EU have a thing going on with Greece which technically are bankrupt.
>
>Full ACK if you see it from economic/budgetary perspective - Greek gov expenses have never been lower than cashflow in in the last 30 years and they have not enough assets to cover their debt. If it were a civilian matter, I am pretty certain ECB measures might be viewed to help a [criminal] delay in filing bankruptcy petition, making those debts doubtful.But as there exists no judicial frame of reference for a state to declare bancrupcy within the EU, Greece is not really in fear of a court bailiff carrying off the part of greek gold still held by the Greek National Bank. "Technically" DEPENDS an such a framework ;-)
>
>>The Greeks are angry because in order to get more loans they have to do as the EU say.
>
>True. Also they are correct in pointing out that there is a lot of wishy-washy in the description of the help inside those help packages, due to a large degree to the fact that
>a) those help packages and measures bend EU rules heavily if they are not breaking them (in my opinion they are breaking them)
>b) the politicians agreeing to those packages at EU level have to lie to their respective population how expensive they are or what risks they entail in order to kick the can down the road
>
>>OTOH, the EU citizens are fed up with the Greece because they have to cough up the billions to rescue them from an economic meltdown.
>
>Will not presume that the large part of EU citizens not happy with Greece have the same reason.

I'll be surprised if the public opinion in Germany is much different than here. And politicians are sensitive to that.... very sensitive. The last thing they want to do is to alienate the voters or break promises (which our prime minister had to do).

>> There are heated discussions back and forth, but the real truth of course lies somewhere in the middle. Yes the Greek did make an entire mess off there economic bookkeeping. OTOH, if the EU really want to help them, you have to give them a realistic chance to ever recover and pay back. Unfortunately this objectivity and the will to find a constructive solution seems to be rare amongst the public.
>
>I think the public opinion is closer to the true state of matters than the convoluted statements of the politicians trying to justify and sell their actions

The convoluted statements of politicians is just the outside shell and a way to sell it to the public. There is a lot what they do not tell.The situation is utterly complex as the parties who provided the funding of loans in the past want to make money on it as well. Any cent being earned in Greece will go directly abroad while it is better to keep that in the country to build up the economy. This way, just as IMF said, there is not a realistic chance of ever recovering from it.

I think there are quite a few publications on the topic that describe the topic in more details. But for a politician to be too nuanced, is like digging you're own grave.