Grexit

http://www.ft.com/intl/cms/s/5e38f1be-1116-11e5-9bf8-00144feabdc0,Authorised=false.html

Greece has been stalling on its inevitable default so it can sponge as much foreign currency as possible before the Grexit.

I wonder why creditors kept throwing good money after bad; I suppose because it wasn't their money; EU taxpayers, especially those in responsible and successful economies such as Germany must be livid.

If an individual defaults on loan repayments, his property will be seized and he may even be jailed. 

In the EU socialist superstate, hard earned wealth is seized and handed to failures; it's just a macrocosm of the welfare state; socialism rewards failure, removes the incentive for success and creates dependency which leads to resentment of the welfare provider.

Then of course, those workers who finance the welfare resent seeing their money stolen by authoritarian governments who hand it to a burgeoning underclass. Laws and regulations become stricter and government becomes more fascist in order to maintain the status quo and to keep its position of power.

Socialist states are run by bureaucrats and dictators, and enforced with brutality. 

So what about Greece? Greeks voted for socialism because they were desperate but ironically the money needed to finance socialist policies has thus far come from capitalist-style loans.

After the default and Grexit from the Euro, the re-introduced drachma will be of such low value that foreign (capitalist) investors will pour money into the country and (capitalist) exports will be competitive, also earning higher valued foreign currency, as well as (capitalist) tourism to the country by foreigners and their money.

The economy will revive, Greeks will be happy again and the socialist government will take the credit (for the capitalist revival).