No way out of Greek Default domino effect?

It seems that the never ending issue of the Greek default domino effect does not go away.

Austerity measures have not been enough, or committed to solidly enough, and the Greeks constantly need more money they don’t have. European taxpayers feeding the monthly Greek bailout have grown ever wary of their money going to pay for the bad financial decisions of other countries.

The German’s may begin replacing their “Angst” description with the nail on the head expression “Teufelskreis”, translated into English as “Devil’s Circle”, a most appropriate description.

Europeans would have long ago stopped feeding the Greek payout if not for fear that doing so would cause some of their own banking institutions to fail. The final solution is still not clear.

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