assurances the government will take action to ensure repayment of loans. That's just a fact. Might as well protest cancer.

My bet is, the government will take action to get loans so things don't get even worse. The "people" will continue to protest and claim the government should do what the people want in a democracy. Sometimes, the people are just wrong and fail to understand the situation they are in.

For God's sake, Hoyt, I wouldn't lend money to Greece right now if I were a banker, even an honest one. Didn't you understand what Professor Hudson said? There will be no economic growth in Greece for the next 25 years. The austerity measures assure that there are none that benefits the Greek people; it will all be going to the very banks who conspired with crooked Greek politicians to hide Greece's debt so she could get into the Eurozone. It was a shell game, and the people of Greece weren't in on it and shouldn't have to suffer for it.

As long as the growth is not recycled into the Greek economy, Greece will not be able to repay its loans, now or ever. It's a basket case now and will be even worse off in 25 years, and I'd bet even money she still won't have her debts paid off. Maybe before 2020 President Hillary Clinton's Treasury Secretary, perhaps it will be Debbie Wasserman Schultz, will propose lending money to Greece so they can pay off their debts, just like her pals in the payday lending racket do for their customers.

Austerity is a self-defeating solution, if the problem is how to get an entire society out of debt. For keeping an entire society in debt slavery, it works pretty well.

That is why austerity should be outlawed.

Keep paying all those pensions, lower the age even further, don't require people to pay their taxes, etc. Makes sense to me. Do that, and you are right -- no one will ever lend money to Greece, not even those countries who might benefit from a Greek resurgence.

There will be no Greek resurgence under austerity. Austerity will kill the economic engine that makes a resurgence possible. As public policy, it is completely worthless.

austerity to get a loan to work their way out in some orderly fashion.

There can be no resurgence, even with debt relief, such as the IMF proposes, as long as there is austerity. Under austerity, money generated from production of local goods and services will be diverted to pay the odious debt with which Greece has been saddled. It will not go to pensioners, it will not go to maintaining infrastructure in Greece, but it will go to the crooked bankers -- Pretty Boy Lloyd, Legs Dimon and Wolfgang Schäubel -- who conspired with entrenched, corrupt politicians like Gergios Papandreau to hide Greece's debt so she could enter the Eurozone; then those crooked bankers bet against Greece's ability to repay new loans on top what she already owed. Then when the crooks collect Greek money, they will hide in Panama or the Cayman Islands or Switzerland or Delaware and not pay a penny in taxes.

Let the revolution begin. Let's make the crooked bankers pay Greece's debt from the money they made conspiring to give Greece more problems than she could handle. That would be a just solution. Austerity will only perpetuate the problem.