The Tiresome Eurozone Soap Opera Has Entered Re-Runs

It's really disheartening to see what is happening in Greece.  It boils down to amorality of the Greek 1%.  Of course, this is not limited to Greece.

To see another excellent article by David Zervos at Jefferies on the whole situation regarding the EU:  http://www.zerohedge.com/news/ugly-truth-northern-europeans

From Of Two Minds:

What's more tiresome than a hastily rehearsed soap opera that replays the same boring plots again and again? Re-Runs of that soap opera. The Eurozone "drama" is now in re-runs and I for one am switching channels. Nothing will change until some critical part of the worm-eaten, corrupt construct of artifice and denial collapses in a heap. Until then, all we have is replays of the same boring plot lines:

Put-upon Greece: We were just minding our business here in the sunny south, living happily on borrowed billions in a thoroughly corrupt Status Quo, and suddenly we're debt-serfs squeezed by rapacious Eurozone enforcers of the banking cartel. What did we do to deserve this? It's not fair.

Put-upon Germany: We were just minding the store here, racking up 40% of our GDP in exports and raking in bank profits loaning money to our Eurozone compatriots, when suddenly everyone who's lived beyond their means demands that we refinance their debts because we're rich. Excuse us, but did anyone look at how we got rich? Hard work, cuts in spending, high taxes and a tight lid on wages. What did we do to deserve this? It's not fair.

Married couple in counseling: France and Germany: It's all his/her fault. They never bothered to understand me, etc.

http://www.oftwominds.com/blogjune12/Eurozone-soap-opera6-12.html