as someone paid in US dollars in germany, I kind of hope the Euro destabilises. Means more purchasing power for me. WEEEEE!!!

But in all seriousness. The real problem here is simple. But just like in the US, people don't want to face the music.

The US economy was hit hard by banks foreclosing and credit deficit. These things were bad ideas to begin with. They shoudl fail. But our approach is to give them more money.

That's like buying a crappy car, and instead of just buying a better reliable one, you continue to but more money into the proven unreliable piece of crap. How is that a solution?

So the question with Greece is, do they really need a loan?

YES!

BUT, not to fix thier old busted car, but to buy a new reliable one. Sounds easy right?

2d