I heard someone say that the EU can’t let Greece off the hook for its debt, for if it did then, God forbid, they’d have to let EVERYONE off the hook.  Yet, on the other hand, out of the very same mouth,

On the surface, everything still looks remarkably stable in the core industrial economies. The stock markets in Japan, Germany and the U.S. are only a few percentage points off their highs, and we’re constantly assured that inflation no longer exists