Irish and Swedish join chorus of countries seeking austerity for the Greeks - Credit Writedowns

Irish and Swedish join chorus of countries seeking austerity for the Greeks - Credit Writedowns

Two points:

• The obvious An economic recession is no time for austerity.
  
• The practical The Greeks ain't going to accept no austerity. They will turn to organized crime for financing much as so many cash-strapped people are nowadays. Got it?