I confess I am at little at sea when it comes to the shenanigans in Greece.

I have tried to follow it and have at times rubbed my hands in glee.

I watched in fascination as the EU tried "negotiate" the situation with the Greek government, where "negotiation" is defined as "do as Brussels says".  Their way is The Right Way and brooks no argument.

I watched with delight when Greece introduced an idea into the negotiations that utterly baffled the EU as it was an unheard of concept in their books, namely "democracy".  "Democracy" according to Brussels is telling the people to do what Brussels wants, and the plain people just aren't relevant.  The idea of asking the plain people in a referendum is a complete anathema.

I watched with disgust as the Irish contingent frantically licked arse as they told the Greeks to behave like the good little Irish did. 

So what now?

Well, the banks are shut and it looks likely that Greece is out of the Euro.  Lucky bastards.  If nothing else it is a massive crack in the whole concept of a United States of Europe.  The EU's wet dream is becoming a bit of a nightmare.

What interests me is the possibility that the new currency will be the Greek Rouble.  If Russia steps in to lend the Greeks a few bob, that is going to cause massive headaches both in Brussels and Washington.  I somehow doubt that either of them would welcome a Russian ally right in the heart of Europe?

I presume that Brussels will have to do something to prevent the Euro collapsing and the ony way I can see that happening is for Brussels to pay off the IMF and the Greek bondholders.  More billions being handed to gamblers.

So having footed the bill for Irish bondholders, it looks like we will have another massive bill on our hands?

It's worth it though just to see Brussels squirm.