If Greece gives the EU the finger, which it should if it cares about its people instead of its creditors, the rest of the PIIGS will eventually follow. Here are two simple outcomes (note: both outcomes will be very painful): (1) Stay in the EU as a debt slave and have austerity forced down their throats ensuring prolonged recessions or (2) Leave the EU, switch to their respective currencies, watch people's life savings lose over 30% to overnight devaluation (unless they moved their money into Euros beforehand), and work their way to competitiveness (from prolonged recessions).
Since 2008, over 2 trillion Euros have been thrown at the problem. Read news on Europe today to see if those problems have been resolved. All 2 trillion Euros have bought were a few years for banks to squeeze a little more money out of the system and enable those paying attention to take precautionary measures (America, we're in the same boat).
Solution? Why not another 2 trillion Euros?
Source: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/05-2/Brandywine%20Global%20Q1%202012.pdf
Source: http://www.zerohedge.com/news/europes-bailout-costs-one-chart-%E2%82%AC2-trillion-and-counting
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