They just keep trying to push off judgement day. The more they push it off, the worse it will be.
Greece is just the beginning.
Yes indeed, they are trying to put off the day of reckoning, and in the meantime they are trying to create an illusion of recovery, of reflating the bubble.
Goldman Sachs has the market cornered on High Frequency Trading (HFT). They control on any day as much as 70% of the trading. They can trend the markets up and they can cause them to collapse. As long as GS is working in tandem with Geitner at Treasury, the USA will be under a synthetic false illusion of market stability and uptrend.
The unwinding of all this will not be pretty. I am personally trying to get liquid before the day of reckoning and then I will invest in things I can use such as essential businesses and agriculture, and then maybe hedge with equity in gold mining stocks.