The more things change…the more they stay the same.
The European Union has come up with a master-plan to cure the Greek debt crisis and avoid financial Armageddon.
The European Bankers are going to eat half (instead of all) of their bad Greek loans. Then the Euro-Union is going to set up a massive $600 billion fund to pay for the rest of the Greek bailout and rescue Italy, Spain, Portugal and Ireland as needed.
Only there’s one hitch.
France and Germany don’t want to contribute a penny to the fund. Instead, they say, non-European nations should foot the bill for the rest of the bailout.