It's the third bailout of Greece in five years. Heck, even Chrysler must be appalled at a performance like that. And while we're still waiting for the details, early reports indicate that Greece's socialist government had to accept much more stringent terms than the ones they told Greek voters to reject just last week.
It's easy just telling everyone yes to whatever they want until you run out of stuff to give them. That's when your creditors own you, and you can talk all you want about resisting "austerity" or whatever, but when you're presented with one way and one way only to prevent the entire collapse of your country . . . there's no way out: