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Originally Posted by aka123
Few factors to consider:
1. they have already run out of money. Not other people's money.
2. They have already defaulted. Not technically with other people's money.
3. Other countries won't keep bailing Greek out without substantial agreements from Greek. That would be politically impossible. 5 years too late, hope this is the time.
4. Yes, they won't pay the whole debt at least, as it already has been cut, and even in best case scenario, it will probably be cut further. True, say 20 cents on the Euro, or less.
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Doesn't really matter what Greek will do besides making a deal. If they don't agree, they are cut off. If they want any money, they have to leave euro as there is no more money coming from that direction. Other option is to use something else than money, but I doubt that they will switch to trading with chickens, etc. What is the point being in euro anyways if they use chickens to trade.
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We all live in hope this will happen.
MaDalton, the EU is yet to respond. Given their track record. What do you thing the politicians will do this time? And should Merkel cave in, what's her odds on keeping the job?
I think the EU had to dump Greece a couple of years ago. I was hoping this mess would keep going closer to the UK referendum and the shit would hit the fan 6 months before. Ensuring the UK leaves. Then others leave and we go back to just a trade partnership.