There are quite a few investors looking at their reduced Greek Government bonds wondering where they went wrong. On the other hand they may have enough money left to be looking at Greece as an investment opportunity for she will be the cheap avenue into a skilled workforce in Europe for the next decade. The duality of loss and profit reminds me of the opening of Upton Sinclair's series of books about Europe in the first half of the twentieth century. There we see men profiting from reusing the armaments that were left over from The Great War for more mundane purposes ( I think they hollowed out grenades and used them for day-to-day purposes.)
Of course the Greeks cannot be too pleased about what has happened and yet they have only themselves to blame, as do we all for all that has gone on the past years stretching back to Thatcher in the UK and beyond. The working practices of the 1970s that upset the rich, the rich kick-back with Thatcher and her rampant, resourceful and unforgiving capitalism, and the greed she unleashed. A greed we all longed to feed upon.
But, as the Greek are learning and the rest of the world has yet to learn, capitalism is cannibalistic and eats us as we feed upon it. Wealth is never created but built upon resources laid down on the Earth millions of years ago.
The richer we become, the poorer nature becomes. We are lining coffins of misery with silk.
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