So now Obama is pressuring Merkel to bail out Greece.

[girl gone mad]

I actually hope Merkel holds her ground. A bailout would only temporarily delay Greece's troubles. Long term, the people of Greece would be better off parting ways with the Eurozone and clearly the German population has no desire to keep this charade going.

The Greek crisis is obviously freaking out The White House.

According to MSNBC's Chuck Todd, Obama has made a personal call to the recalcitrent Angela Merkel over moving forward on the bailout.

Germany is getting pressure from all sides. The IMF wants it to act, Obama wants it to act, and you know the leaders of Spain and Portugal want it to act.

The problem is that nobody in Germany wants it to happen, and Merkel is showing no signs of bowing to this pressure.

How long can she hold out?

Read more: http://www.businessinsider.com/now-obama-is-making-emergency-calls-to-merkel-over-greek-aid-2010-4#ixzz0mREP4Anv

[Name removed]

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[pa28]

2. I'd have to agree with Jim Rogers on this.

He seems to think cutting Greece loose would ultimately be better for the people of Greece and telegraph the message that the Euro was a currency built for the future.

BTW I'm glad those profanity laced flames upthread got deleted. I think my eyes are still burning.

[bemildred]

3. This is another bank bailout, it has nothing to do with helping the people of Greece.

Or Germany either.