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You wrote:

> Given that Greece is 'paying' for these imports with borrowed money, which is unlikely ever to be paid back, how is this setup benefitting?

> Well, the Euro collapsed for everybody, so all other Euro members had exactly the same benefit.

I don't know if you're trolling me or not. Maybe you should read a little bit about the context before engaging into similar discussions.

A few good starting points:

Macronomics: http://www.amazon.com/Macroeconomics-3rd-Edition-Paul-Krugma...

[2] http://www.amazon.com/Currency-Wars-Making-Global-Crisis-ebo...

Also read about public debts what they are and how they did evolve.

Finally, you're looking financial answers to a political problem. Strictly financially speaking, debt restructuring is the only sensible solution to Greece AND everyone else. What you're watching, is a live show of poor justifications from failed politicians (all over the EU).




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