Math Wins. Math Always Wins.

Even in Greece.

Greece recently elected a government determined to put an end to that nasty austerity which was depriving the people of much-needed government money. Their determination is faltering in the face of account ledgers.

With the Greek state and its banks shut out of financial markets and dependent on emergency aid to stay afloat, Prime Minister Alexis Tsipras is retreating from his pledges to end austerity as the country’s creditors tighten the financial vise.

Borrowed money will eventually be repaid, one way or another.