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It would be best not to bail them out. They need to resolve their own problems and to start by leaving the Euro. If they do that their new drachma will float down in value boosting their economy. Holidays in Greece would be cheap (hopefully including mine in September...) and tourists would flood in. They do, of course, need to chop their public spending and it seems a lot of Greeks are in denial of that need, bail-outs will not enable them to learn the lesson. They could default on their debt of course but I would not get too worried about that.
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