Friday, November 9, 2012  Is it worth it to sacrifice democracy
in Greece for German banker bonuses?  As the Greece economy
continues to spiral down under the burden of its excess private
and sovereign debt, democracy in Greece threatens to become a
casualty.  I find this particularly troublesome because it would
be easy to save Greece.  Adopt the Swedish Model and require the
banks to recognize upfront the losses on all the private and
sovereign Greek debt.  The decision to save Greece comes down to
how you answer the question of is it worth it to sacrifice
democracy in Greece for German banker bonuses?  If you think
that German banker bonuses are more important than saving
democracy in Greece, is there any reason to think you will
change your mind when it comes to democracy in Spain, Italy and
France?  From a Guardian column, The chancellor should be
congratulated.  It is clear from the price paid by Greece that
nobody would ever want to engage in a bailout that protects the
creditor nation banks.  However,