Look, let's be clear. There's not enough bail-out cash in the whole of the EU to prevent Greece from going bankrupt. Right now, Argos wouldn't even give Greece a storecard. Despite the bubble of recent years, Greeks aren't rich - there's far less fat to be cut than the stories of State largesse would suggest - and they simply can't afford to service their banks' bail-out debts. And again let's be clear - it's the liabilities of the Greek banks, not the personal debts of her population, that are being bailed out.
Before long, Greece will announce that the payout on its junk bonds will be thirty cents in the Euro, and the redemption terms will double. The only question is whether this will happen before or after the UK has thrown another £3bn of our tax money into the mess. And they will leave the Euro. Right now in a security printing firm in Hamburg or Munich great stacks of drachmas are being printed to replace the doomed Euro.
I know it, you know it, the entire banking and financial world knows it. Even Cameron and Osborne know it - but they're likely to throw our money away anyway, lest they be accused afterwards of precipitating the collapse by not contributing. So C'mon, let's get on with it.