There we go then, now they have formally asked for help I think this is finally the beginning of the end of the Eurozone that has been so much vaunted for the past 18 months.
They had no choice in a way but as we have seen with any other country that asks for help it saves you and puts the final nail in your coffin at the same time.
Watch their government borrowing costs jump excessively, their already fragile economy further screwed by lack of foreign investment, a greater run on their banks causing a viscious circle where they need more and more funding to replenish their capital. And their unemployment rate which is already ridiculous even by current Euro standards further spiral out of control.
Too big to fail and just embarking on the road that Ireland, Portugal, Greece etc... have been on.
Really think it is on its way out now.
Ps - Monkeytassle will be all ower this thread