Does money have any worth?

They have to make a real effort to gradually repay the debt, otherwise you would get other countries who are feeling the pinch - like Spain and Italy - also wanting to be "let off". It just wouldn't work. Shame it's the poorer people that seem to have to bear the brunt though.

I wish Greece the best of luck in its efforts to remain in the EU, even in the euro whilst the current government grapples with the debt and the problems that go with it.

I wonder if some of the debt couldn't be written off, or the period to re-pay it be extended. We're off to Greece in September and our Greek friends are desperate for tourists from northern europe to continue to visit. I confess I'd avoid Athens currently but I'd visit any other part of Greece - it's a beautiful, friendly country and needs all the help we can give it. What a sacrifice, visiting somewhere to help their economy

It is like household accounts. When loans cannot be repaid.

Therein lies the problem for Greece. It's debt is too big to be repaid.

I read recently about a country - cannot remember which - where the currency has devalued so much that the population were taking millions of notes to the bank to get less than the busfare home in dollars.