can maybe bail out Greece. But who can bail america with 16,000,000,000$ debt? This is more than 10 times than the size of the German economy. When America will stop paying its debt it would not be only America problem. Its the rest of the world that will suffer the most.

the european debt crisis is a structural crisis and it is hard to believe that it will be resolved in 5 years or at all.
a deficit of 2 times the GDP can not be interpreted deiiferently than a state bankruptcy. there is no way how the greeks can get rid or reduce this debt when they are not even able to pay for the interest. this is true for several other euopean statesand merkel and her companions should have the guts to takle the bull by the horns and do what they were elected for.

it is unconceivable that in some nations people do not produce anything or very little and live like kings and queens - while in some other nations people work hard , produce a lot and get meager pays for that

If greece want to reduce the debt it has to sell out - but real estate prices there are illusionary high - making such purchases uninteresting