Again: Let Greece Fail
The Greek electorate has empowered a wet-behind-the-ears socialist to play chicken with all of Europe and, particularly, Germany. They are betting that the political class in Europe loves their little experiment in massive centralization of government so much that they will fork over untold sums of money to keep it going. Europe may well cave, which means the Greeks have bet correctly. But the ransom is pretty high and will cause a massive amount of resentment towards the often perceived lazy and wasteful Greeks. That is in addition to the defiant and entitled manner in which the Greeks pulled went about it. They told their financial sponsors to bugger off in so many words. Not smart.