You cannot save a bankrupt entity be it sovereign, individual or a company by giving them more debt. Even a 5 year old can see this but it seems to escape the ECB, IMF , Merkel and all these other clowns. Listen up and listen good.
Greece is like a gangrenous leg. You either cut if off leaving the host ie the rest of europe alive or you let it fester and kill the entire patient. Lose a leg or die thats the choice. It amazes me they talk about contagion IF Greece the gangrenous leg IS cut off but the reality is the opposite. With Gangrene you either remove it or it spreads. Again why is that so hard to understand