Yahtzee!

Like day follows night, it was inevitable.

April 23 (Bloomberg) -- Greece called for activation of a financial lifeline of as much as 45 billion euros ($60 billion) this year in an unprecedented test of the euro’s stability and European political cohesion.

The appeal for help from the European Union and International Monetary Fund follows a surge in borrowing costs to what Greek Prime Minister George Papandreou called unsustainable levels that undermine efforts to cut a budget deficit of more than four times the EU limit. Greek bonds and stocks rallied after the announcement.

They did practically nothing to solve their problems, they still haven't figured out that their statist / socialist / econofascist / compassionate™ society is the root of the whole problem and so over the cliff they go!

So now that they've thrown in the towel and are begging for alms, where are the alms going to come from? Why, fiscally insolvent Europe and the IMF, of course! And doesn't that leave less alms for the next ones in line - Portugal, Spain and Italy? This is starting to smell like a bank run.

Greece got into line first, so they'll get their money. Unfortunately, unlike a normal bank run, this line is circular. Since they haven't solved any of their problems, they'll just get right back in line.