The Euro-debt explained in an elementary math example

This is just so simple.  The Irish and the Germans are making it difficult because the numbers are big and obviously confusing. Added to that, they have bankers in there haggling and you know that bankers, as great a collection of fools and idiots who ever set foot on earth, can't do 2+2 with out coming out 5 and taking 1 and putting it in their pocket.

It is so simple.