The Greek Govt wanted to negotiate a restructuring of the debt. That outcome would have yielded economic growth, and real servicing of the restructured debt. Bu

The Greek Govt wanted to negotiate a restructuring of the debt. That outcome would have yielded economic growth, and real servicing of the restructured debt. But that rational and realistic outcome was ruled out by the political requirement for EZ unity, the need to make good FR & DE banks holding GGBs, and the will to impose Schauble & Djisselbloen's economic views. The parallel is the misguided hope of the weaker negotiating partner hoped that pragmatic realism would prevail over the stronger partners politico-economic agenda.