QUOTE (SuperSteve @ Jan 29, 2012 -> 11:20 AM)
And impose internal wage deflation of what, 40-50%? I think Greece needs to be jettison because Portugal is in bad shape now too. Cut you fingernail in order to save your body. Let the Greeks be shut out of the international bond market and simply tell them we tried to help you but you wouldn't help yourself.
If the Germans or French tried to dump Greece, this would be a very bad thing for a select group of German and French banks and investors. Thus, even if that were to be the right decision for everyone else, it won't happen, because the banks and investors are the important ones.