From Dubai to Athens

Once Dubai declared itself bust the financial world started looking around for the next sovereign risk crisis. The consensus seems to be it's Greece. Unlike Dubai, however, the Greeks have no UAE to automatically bail them out. The EU seems more concerned about the precedent that a bail out might set than with Greek welfare. The rest of the world, despite alluringly high interest rates on Greek debt, doesn't seem much interested either. An improbable Chinese banker deus ex machina gets mentioned, but if the Chinese are already leery of U.S. debt, why should they want to add Greek bonds to their portfolio? Would they really covet the Elgin Marbles in Beijing? Which leaves Athens two choices: either do as the head of the Greek central bank suggests, enact severe austerity measures, and have a many years long recession, or leave the Eurozone and inflate their way back to health. If it were me, I'd choose the latter.