I recently spoke with a car salesman from Cork the other day and he impressed upon me that Ireland was for the next 100 years. It seems the most sensible option was to hit the reset button even if 100% of savings were lost. The quick suffering for a decade not being as bad as a slow suffering for ten.

He seemed amused at the thought that the Germans couldn't conquer Europe with their military and that they're trying to do so with their banks.