Greece is bankrupt, Europe is in stalemate, Banks wants their payoff

. Greece is bankrupt, Europe is in stalemate because Banks wants their payoff
. For providing the loan which has become non performing.
. And now to write off the loan.
. In return they want to be compensated and the entire Greece banking business.
. To do that, Politicians must find money which comes in the form of Tobin Tax.
. Which requires in some ways international cooperation if not recognition.

. Greece is bankrupt.
. Banks need to write off the non-performing loan
. Need to restructure a long long term debt
. Greece is basically owned by ECB or EU.
. Probably all infrastructure assets have been carved and distributed.
. What is the incentive to recognize and write off the bad performing loan to the banks
. The banks want to be paid. Politicians are finding a way to pay them.
. Example Tobin tax which requires international cooperation and meeting resistance.

. And Outside Europe, stakeholders are saying why should we help, it's a European problem
. Let Europe solve it, we have problem of our own
. Besides why should we throw good money after bad.
. Banks recapitalization is basically "paying" the banks in good faith
. So as to forgive Greece debt.
. In addition, to appease the voters and electorates, Greece must give something back UN return.
. Probably then thats where the Germanizing and Frenching if Greece banks cmes in.
. Although they may have a Greece face, the heart and engine is Franco-German
. Greece has to agree.

. So once that is resolved at least money & economy can start moving toward survival.
. Whatever it is it will not be rosy,
. But from dead to breathing is a major step.
. Which will lend to sentiment if nothing else.

http://www.ibtimes.com/articles/231815/20111015/greece-debt-bankrupt-germany-banker-basel-iii-mp.htm