There’s a big fiscal battle happening in Europe. The relatively new Greek government is demanding continued handouts from the rest of Europe, but it wants to renege on at least some of the country’s prior commitments to improve economic performance by reducing the preposterous burden of 
spending, regulation, and intervention.
That seems like a rather strange negotiating position. Sort of like a bank robber holding a gun to his own head and saying he’ll shoot himself if the teller doesn’t hand over money.
At first glance, it seems the Greeks are bluffing. Or being suicidally self-destructive.
And maybe they are posturing and/or being deluded, but there are two reasons why the Greeks are not totally insane.
1. The rest of Europe does not want a Greek default.
There’s a famous saying, attributed to J. Paul Getty, 
that applies to the Greek fiscal fight. Simply stated, there are…
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Utopia, you are standing in it! 
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