Why Greece is going to default.

Socialism has failed in Greece because the government has finally ran out of other people's money. Basically, it is as simple as that.

Greece's lenders insist that Greece continue to reduce the cockamamie Leftist ideas governing the country: the large government sector of parasitic beaurocracy,  the inability of business to reduce labor costs, the restructuring of the pension system. The problem is that the government that was elected favors all these things, so there is an impasse between the creditors and the Greek government.

Greece runs out of gimmicks by next month. Having raided the pension system the Greek govt is trying to find other suckers to waste money: Russia (that can't) and the US (because Obama loves Leftists and Islamists). Failing to find other suckers, the jig is up. The question is what will happen WHEN Greece defaults rather than IF.