Despite Pact, Unease Lingers for Greece

We will read various and sundry news releases about Greece in the weeks and months a head.  First, there will be speculation as to whether or not the private bond holders of Greek debt will voluntarily agree to writing off 53.5% in losses on Greek loans (and after the first round of write downs, this will bring losses closer to 70%).  Everything else hinges on the collective decisions therein.  Following that announcement, and as the reality of additional austerity measures kick in, we'll likely see the Greek People take to the streets in protest again.  Funny, maybe if the Greek People had showed as much passion and energy towards working for a living as they reflect protesting the living conditions caused by unsustainable social-welfare entitlement spending, they wouldn't be at the precipice of financial default -

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