Greece Heading for Default

Greek bond holders expected to cut more and more. OMG 70% loss and still a voluntary loss and is the revised 120% debt still servicable by a declining economy, I think NOT. Is this the International Monetary Fund running this stupidity or the International Madness Fund?  Just get on with the default and stop letting the black hole destroy the declining wealth of European taxpayers. Nationalise banks as required, protect savers and no more, we've had enough of this ludocracy, bubble blowing and phony economics. Remember for the rest of the countries the only decent solution to this is near balanced budgets and have independent community bodies per nation set up to monitor politicians, financial regulation and central banks. This is the only way to zero out the corruption which got us here, no one can give trust to anyone anymore.