Not a nice picture, but if Greece will have to tighten the belt further, this is the people that will be cut.
Perhaps a warning to others that once you get dependent on a government check...you're stuck, and once a cut comes, or a default....that is the end of that government check.
While in itself Greece has to cut it's expenses, this whole situation is not a laughing matter for anyone.
Don't believe one second hat UK, US or any other country for that matter will be immune to these scenes.
Private Central Banks WILL make sure their host country will get into a debt.
In the sort term, it may be that Greece has a too expensive currency, and need to get out of the Euro, but the fundamental reason is that Central banks have pushed this set up....for the good of the bank, not for the good of the Greece people.
This scenario, will play itself out in many other places, if the current privately owned Central Bank System that so many countries are using, will be continued to be used.
Still a Greece default now will be, as can be seen, hurtful, but it will be less hurtful than if it is postponed.