I really do not understand this:
After more than 12 hours of talks, the countries that use the euro reached an agreement early Tuesday to hand Greece euro130 billion ($170 billion) in extra bailout loans to save it from a potentially disastrous default next month, an European Union diplomat said.
The euro surged as the news broke, climbing 0.7 percent to $1.328 within minutes. While much depended on the details of the deal, a final agreement on the bailout for Greece will take some pressure off the 17-country currency union, which has been battling a serious debt crisis for two years.
Why don’t they just let Greece default rather than be a bottomless pit of banker bailouts. Default would be better for everyone involved, particularly the Greeks.
And when they decide to be a serious nation that actually collects taxes, they could move on from there.