And who, exactly, is this "Greece" he is talking about? Behind the social fiction of government are and were real people who robbed the public of public monies, not "Greece"; and those guys need to go to jail to warn the others next time they get tempted.

If he was half as concerned about the banksters getting away with things az with "Greece", I'd be a little more interested in what he has to say.

In this case the banks who funneled cash into Greece with no conditions want their profit$.

The Greek people will suffer the most.

It's the way the 1% work.

"Rent seeking", Dilbert was good on that today:

http://dilbert.com/strip/2015-07-08

"The ultimate goal is being paid for being nothing but a concept."

A vision of ownership that is all rights and no responsibilities.

Following a phone conversation with the Greek Prime Minister, Alexis Tsipras, the President of the European Council, Donald Tusk, called for a proposal on debt sustainability to be included in the deal with Greece.

Calling for an agreement “with no victors and no vanquished” in the European Parliament, on Wednesday, he followed up on Thursday calling for a “realistic proposal from Athens” to be matched by “a realistic proposal from creditors on debt sustainability” for a win-win deal. In doing so, he echoed US treasury secretary Jack Lew, in what has been the strongest public intervention from Washington on Greece to date.

This call by President Tusk comes one day after Greece submitted a single pager bail out application to the European Stability Mechanism, committing to tax and pension scheme reforms. The letter also makes explicit reference to debt relief. Hours earlier, the IMF’s Director, Christine Lagarde, said that any deal must include restructuring or Greece’s massive debt is unsustainable.

Late on Wednesday, the French Prime Minister, Manuel Valls, ruled out Grexit, whilst addressing MPs at the national parliament in Paris. The PM noted that a deal with Athens was “within grasp” and Grexit would be “an admission of impotence” with “geopolitical consequences.”

http://www.neurope.eu/article/tusk-calls-for-a-win-win-deal-with-greece/

Germany's Finance Minister Wolfgang Schaeuble says Greece could start rebuilding trust with its partners in the 19-country eurozone by taking immediate actions to reform its economy.

Schaeuble said at a conference in Frankfurt that "we have always said there need to be prior actions, actions meant to build trust, and I don't see any prior actions."

Schaeuble, who has been skeptical of the Greek government's commitment to reform, conceded the chance of such actions before Sunday's European summit on the Greek crisis was "rather limited."

However, he did say that new Greek Finance Minister Euclid Tsakalotos was "more conventional than his predecessor" - the confrontational Yanis Varoufakis.

http://hosted.ap.org/dynamic/stories/E/EU_GREECE_BAILOUT_THE_LATEST?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-07-09-09-06-37

European Council President Donald Tusk added to US pressure to offer debt relief to Greece on Thursday.

"The realistic proposal from Greece will have to be matched by an equally realistic proposal on debt sustainability from the creditors," Tusk said in a speech in Washington.

But the German Chancellor Angela Merkel ruled out a simple 'haircut', or slashing, of the debt total on Thursday. On a visit to Bosnia, Merkel said Germany had already dealt with the issue of Greece's debt sustainability in 2012. “I have said that a classic haircut is out of the question for me and that hasn’t changed between yesterday and today," she said, according to Reuters.

Pressure is nonetheless mounting for some kind of debt restructuring. Tusk's admission came after comments from officials at two Washington-based institutions on Wednesday pushing for Germany to change its terms.

http://www.independent.co.uk/news/business/news/greece-debt-crisis-live-ec-leader-adds-to-us-pressure-on-germany-to-scrap-greek-debt-10378134.html

The German Chancellor, Angela Merkel, has ruled out slashing the face value of Greece’s government debt, during her latest statements on Thursday.

“In 2012 we dealt with the issue of debt sustainability. We stretched out the maturities, we pushed back the repayment requirement for EFSF loans out to 2020. So we are not dealing with debt sustainability for the first time,” Merkel said when asked about differences with the International Monetary Fund (IMF) over a debt writedown for Greece.

“I have said that a classic haircut is out of the question for me and that hasn’t changed between yesterday and today,” Merkel told Reuters.

http://www.sigmalive.com/en/news/greece/131939/merkel-greek-debt-haircut-out-of-question

The Greek referendum can be interpreted as either the genesis of a nationalist political contagion that will destroy the European dream, or as a ruse of history to revive the common project. It is the responsibility of European leaders to realize its potential.

The Greek “No” came only two weeks after the presidents of the European institutions published a lifeless report on the future of the monetary union. Now that we have plunged into terra incognita, the document seems anachronistic, predicting that little will change in the euro area over the next few years. Only existing economic policy instruments will be used. In this shortsighted vision, reviving growth, employment, and investment pertains only to structural reforms, which each country should conduct by itself. Seven years of crisis show that this diminutive strategy is not at all sufficient for the governing of a complex and heterogeneous economy.

Each of us can judge Prime Minister Alexis Tsipras’ gambit in our own fashion. But everyone probably understands that the opinion of a people, so starkly expressed, is never irrelevant. It is a response to a question that implicitly lingers not only in Greece, but everywhere: Is the management of the euro area, as it currently stands, consistent with the consensus of its citizens? A “Yes” vote would have justified the “nothing new” approach endorsed by the document of the European presidents. The “No” instead calls for a much more ambitious answer. Despite the chaos that it is causing, Europe must grasp the institutional opportunity offered by this pronouncement of the people before the temptation of nationalism extends to other countries.

http://www.brookings.edu/blogs/order-from-chaos/posts/2015/07/09-greek-referendum-ruse-bastasin