Creditors refusing Greece's plan because it involves taxing the rich and banks and such, instead of austerity.

That is some serious arrogance on the part of Greece's creditors. Sickening. Absolutely sickening.

Herbert Hoover in a pantsuit.

That's exactly what the Kochsuckers of the world are trying to impose and even normalize.

Cuts to pensioners already below the poverty level and tax increases on key sectors of the economy that are already struggling. It is a disaster capitalism remedy designed to bring down the current government.

balance if Athens would make the reforms needed over that 10 year period in order to gets its spending under control and the creditors had better do it because otherwise they are going to lose not just the interest on the money they are owed but they are going lose the balance of they are owed as well which imo would be far worse.

But I doubt Greece would even accept THAT.

They're economy is about equal to the value of that company. The markets shouldnt get too upset about it.
Simply "taxing the rich" wont be near enough to repair the damage thats been done. There arent enough of them. Not to mention they'd likely just move their money elsewhere, like what happened in France. They're tax on the super rich didnt bring in squat, and they dumped it.

Next comes Spain, Portugal, Italy, Ireland.

Our tour group has been warned to take lots of Euros with us, because they're anticipating a run on the banks. Great - my dream trip, and I'm walking into an economic crisis!