If you want to know what happens when a nation absolutely refuses to reform its insane spending - even when it finds itself at the brink of fiscal collapse - I give you Greece. Not that you want it. The International Monetary Fund doesn't. The Eurozone doesn't. The Greek banking system is now shut down, and we're a day away from Greece defaulting on its IMF bailout loans. When the Europeans presented Greece with an ultimatum - reform the spending now or be cut off - the most the Greek politicians were willing to do was call a referendum on the matter. And as we now see, that's not anywhere near good enough: