German Newspaper Tells Greek Prime Minister the "Tortured Body Will Surrender" because Greece is Insolvent

"The editor-in-chief of Handelsblatt, a leading German business newspaper, published a Letter to Georgios Papandreou, Prime Minister of Greece, called "There is a life after death"

Here are a few excerpts...

...Once needed structural reforms are in place, the sooner Greece defaults, the better off it will be. The sooner the IMF, ECB, and EU accept the fact that Greece is insolvent and cannot possibly return to growth via forced austerity, the better off the Euro-Zone will be.

Greece needs structural reforms but is not savable. Nor is Ireland, Portugal, or Spain. What can't be paid back, won't be paid back. Bond-holders are going to learn a much needed lesson..."
at  http://globaleconomicanalysis.blogspot.com/2011/05/german-newspaper-tells-greek-prime.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29