Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
what is it that the "rescue" is going to accomplish for Greece?

It looks like concrete boots for the Greeks -- to keep the bodies from popping up after they have been thrown overboard. The Greeks should just write all the debt down to 30-50% and inform the creditors that they will write it down to zero if they try any more economic blackmail or try to kick Greece out of the EU.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jun 15th, 2011 at 04:57:58 PM EST
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