Oh my it looks like the Greek socialists are caving to, albeit monumental, pressure. Was a time when socialists knew how to play brinkmanship. It would be nice to keep things in perspective. Greek real GDP is somewhere around 350 billion, at 12% of GDP that equals around 42 billion. But it would be a mistake for Greece to think that it was NOT too big to fail. It is, and it should act appropriately: No concessions, no-oversight, business as usual with the Greek prime minister receiving 17 million euro bonus for savvy. Indeed such savvy should be rewarded.