Babaoriley, I may not concur with you about another year BUt about kicking the can absolutely. It only buys time and they will default later. The populace will not stand and larger protests will occur. Perhaps the government will have to change a couple of times before it ends.

It is not worth while to dwell much on Greece but it is a good lesson for all of you Americans here as to what awaits. US is also kicking it's can and getting into a deeper quagmire. US has more direct impact on AUM shareholders.