Originally Posted by clickity click

So I was just listening to the news and it said that Greece could run out of money (again) within 2 weeks unless they can secure another loan from the central bank.

They are already $376 billion in debt and it's costing them over $24 billion in interest every year.

Question. What happens if the money does actually run out?
Why don't they declare bankruptcy and start again saving $24 billion a year? Ok, so Euro nations and the local populous would be a bit pissed but medium to long term it could work well?