Euro debt crisis again!

Gosh! Europe debt crisis reappear on the surface again. Even with the bailout amount of 110 billion euro from EU previously, Greece still cannot manage to recover from recession & repay the debt.

The ultimate grace for Greece in order to get another bailout from EU & IMF is to lay down a 5 years financial budget on tightening their monetary, e.g increase taxes, cut government expenses & sell country assets etc. All these measures will definitely create social unrest, woes or even workforce strike. But what they can do in order to survive & prevent bankruptcy of country? Their people, nation & citizens have to suffer & compromise for the "malignant tumor" left by their past government.

I believe Greece is not the only country to suffer the debt crisis now, others e.g Portugal, Ireland, Italy & Spain will be the next to face all these in order to receive bailout if they still without any financial tightening plan. The final outcome may likely to disrupt the EU to only keeping the fundamental strong economy countries in the union & slashing those weaker countries, which might apparently destroy the liquidity of Euro currency as the replacement of US dollar.

In the end, China RMB may appear to be the strongest currency to replace US dollar in the next decades.