Mind you, you must always consider whether you can afford a loan before taking it out.

Similarly, the lender must ensure the customer can afford the repayments.

Propping up the Euro has always been a political decision, but in the real world politicians are impotent when reality pops in for a cuppa.

It's a bit like saying qualifications and training are harmonised, but if you think for one minute a doctor from Bulgaria can walk into a consultant job here..... We break EU law in insisting on a training period with sign off before UK registration.

The EU model is a good one till you start harmonising too much. This fiscal idea being an excellent example. I note The IMF are saying Greece cannot afford the interest payments, never mind the capital so it is a bit silly getting them to agree to something they physically cannot honour.

That said, you can't ask in a referendum and then tell your creditors that they have to do what the democratic will of their people says. It's fuck all to do with Greece, it's the troika's money.

A dog's dinner. Oh, and both Grishka and Jim are making good points because there is no right and wrong here, just valid points either way.