By Tim Worstall, includes "The latest Greek debt bailout talks have stumbled again and they've stumbled over the same old, old, problem that all of the previous ones have tripped over. Which is, very simply, how much of that debt will Greece not repay? The International Monetary Fund says that some good portion of it cannot be repaid, thus won't be, and so it should be written off."
Read the full article on: Forbes