Unless the Greeks actually start to collect some tax, start retiring at a practical age, and generally start doing all the other stuff that goes with having an actually functioning economy, the entire debt could be forgiven right now, and they'd still be up shit creek in a decade's time.

Fuck 'em. They've had 30 (or more!) years to not be as bent as a three-pound note.

But they wanted into the €, and now the Merkelpiper is calling the tune.