Germany wants Greek surrender

 Philipp Roesler is the first German cabinet member to endorse openly  a proposal for Greece to surrender budget control. And some bad news for Portugal and then Spain: you are next.  Zero Hedge has more.
Laughing Conservative predicts Greece will  default before -- effectively -- surrendering  its  national sovereignty. At the speed with which  Obama is running up US debt, how long before  China wants control of our budget? Oh wait... we don't have one.