I heard on BBC World Service a Greek journalist who said that Greece would be charged something like 8% if it could borrow funds. Germany can borrow at 2-2.5% yet loans it to Greece at 5%. Germany stands to make a lot of money for standing guarantor for Greece, and I'm waiting to hear from another 'expert' as to how all this makes economic sense. No country these days can afford state pensions at 58; yet banks will burn and people die in a country where only 40% of people pay any taxes, and those that do are pilloried and ridiculed for doing so. I did economics at university many lifetimes ago, so I guess my learnings and understandings at that time are severely out of date? Or are they?