you blinked first

Ya, well, you poked me in the eyes, you sh*t!

Well, the cowboy of Greece, Papandreou has made the bankers blink.
It's not a win, mind you, because he could still get lynched by his own 'people'.
In fact, the grand plan is for his conservative rival to take over and continue
the rape-and-pillage plan of the great overlords, the MoD (Masters of Debt).

The bankers blinked because if they hadn't helped now,
Greece wiould've defaulted, bankrupting the big Euro banks.

The only reason that Greece can now breathe a little bit is that

Germany has "seen the wisdom."

The wisdom they 'seen' is

their banks are over-leveraged and have no money
to cushion against a loss, like from a Greek haircut
[Greek haircut]
so, if Germany squeezes Greece,
Greece defaults,
German banks go bankrupt.

So, everybody gets to play 'kick the can down the road',
until the next crisis.

see ya in Dublin.
soon

In fact, if you look at my 'feckless Greeks' article below
You'll see that the banks still have
licence to kill , with derivatives, CDOs, CDSs
all that toxic sh*t
so that they can make a cushion for that next crisis.
Which crisis?
the one the banks are causing to sovereign nations,
by f^%&*king around on the markets.

I love circular logic.