EU bailout of Greece will end in failure

WITH the new Greek rescue the EU should take heed that it is now heading where Greece has gone.

Rather than making the errant drunk (ECB) do cold turkey at an early date, it (the EU) has given him/her more drink (debt) at a higher price (interest rate) in the hope that he/she will go away and reform him/herself.

Not only will it not happen, it cannot happen as more debt at higher (market) interest will simply push the ECB/EU (via Greece/Ireland et al) ultimately to do cold turkey at a later time when it is truly hooked on debt from its EU Political masters.