Every day has become a nail bitter for Greece, Europe and the rest of the world as everybody is watching whether Greece will make it or default on its debt and leave the Euro to come back to its old currency. It just shows that nationalities trump the sense of belonging to one continent. Everybody jealously guards their own sovereignty and when it comes to making financial contributions, national pride trumps everything and old stereotypical attitudes comes to surface. If Greece was the only one, somehow or some way it could have been contained but with Ireland, Portugal, Spain and now Italy in the picture, it is harder to know how the Euro will be saved as you can only just have enough funds to save small countries but not Spain or Italy.
The infighting that is going on within Europe to find a cure for the Greek ills is still not finished as nobody wants to commit unlimited amount of funds (read: Debt) to fund a country which will not have the means to pay it back any time soon unless massive cuts in spending and increased tax collection takes place. European debt crisis is not going to go away soon as the markets and even politicians are now beginning to realize that in order to save the Euro, there will have to some sort of exit of some fiscally weak countries. Just like in order to save a life you have cut off the affected part, the same should be true of Europe.
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