FT reports a split is opening over Greece Bailout 2.0

The FT report is here. It appears as many as seven out of the seventeen Euro Group countries are now expecting  demanding bigger haircuts by private sector banks.

A step by step guide for people in Quebec, unfamiliar with the nightmare quality of events within the non-democratic EU, makes for amusing reading for this battle weary commentator, and is linked here.

Some good things flow from even the worst situations, however, and a contributor to The Guardian adds a rare piece of common sense from that journal, stating it is policy not debt that is the problem, linked here.

That's it for silver linings today, more tomorrow! G'night!