Greece has debts of 390 Billion Euros, and, according to one of their ex-Finance Ministers, it can only afford interest payments of Nine Billion Euros each year.
So the Eurozone leaders should try and devise a solution that costs Greece only Nine Billion Euros a year, otherwise all the financing that is being given is going out of the window, as Greece remains in dire straits, effectively in a depression (the ex-Minister's word). It is a sad situation to be in for a nation that was once very prosperous, hardly twenty years ago.
In the 1970s, there were the fabled billionaires, Aristotle Onassis and Stavros Niarchos.
Their wealth was based on Oil tankers and freight shipping and finance. It seems a lot of Greeks were in such industries, as welll as in property. All those sectors have been down in Greece for some time, but by grace of God, when the world economy starts improving further, their time will come for a bounce back.
In the meantime, all Greeks must try and restore the confidence in their nation, by innovation, creation of jobs in farming and traditional crafts, and restoring their golden tourism industry. If the wealthy Greeks invest in their own economy now, when everyone seems fearful of investing there, they may reap huge benefits when the world economy improves further. That may not be far away, as China hopefully gets a soft-landing, emerging markets start to buy high quality items from Europe, and the U.S. economic Recovery strenghtens further. I pray for all this, by grace of God.