I spotted this in the Telegraph this evening, and I was livid!
£3.3bn more down a black hole! We know Greece is going to crash. We know the euro is doomed – why on earth should we waste more money propping it up??
Now I know I am about to sounds like Dan Hannan (the man talks a lot of sense), but there really is only one option as far as I can see for the nation of Socrates, and that is to fess up to the mess, default (properly and fully), decouple from the Euro, and then devalue.
Given the resulting cheap neo drachma, we can then all take cheap Aegean holidays and pump cash back into their nation and at least get something in return, giving the Greeks the chance to rebuild their economy.