Has England become Greece?

Mish think so as he posts about the 300,000 jobs to be slashed, minimum in England:

Times Online:

AT least 300,000 Whitehall and other public sector workers may lose their jobs as the coalition government sets to work cutting the £156 billion budget deficit.

As George Osborne, the chancellor, prepares to unveil the first £6 billion of cuts tomorrow, the full scale of the job losses that will follow has begun to emerg

Evidently the cuts will include about 70,000 from the department of health.

But, I guess to be truly Greece, England would have to get a German bailout.