Probably, nothing good. It's hard to imagine that Europe could find solutions how to get past this crisis. Situation is very serious and everything mostly depends from Germany and a bit from France. If Germans once gonna say: "No!" and they will stop being main donor for Europe, then EU gonna crash quickly...
Greece is currently screwed and may crash out of the Euro as early as next week
http://www.dailymail.co.uk/news/article … loser.html
For the sake of the Greek people, they need to revert to the drachma, devalue and hopefully find some competitiveness again
An orderly banking system has to finance any hangover time until unbiased financial status reports are available. This happens for a bankrupt company and should happen the same with a bankrupt sovereign country.
In case of Greece the Troika has not handed over any official report. Only after that report is available and sufficient time for decision making elapses, money flows will be cut. Don´t worry, nothing will happen next week.
Personal note: Whenever i look at the photographs of neat and clean bank entrances and cash machines in Greece, i have to think back some 30 years ago, when Greece was pure 3rd world on European soil. Apparently a lot of 1st world equipment was installed, but productivity of the economy remained at 3rd world level. Sad to say so.
by Elena 6 years ago
What Tips can you give for not going Bankrupt, after winning £$Millions in the Lottery?Many win Millions and go Bankrupt in 2 to 3 years. How could this be avoided? You might be the next to win.
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What do you think about the country going bankrupt and owing china millions
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What if a friend, daughter, sister or someone else you cared for was in trouble, but in denial? If you can see symptoms that there is a problem, like wrong behavior, like bruises occuring often, like absenses from work...would you risk your relationship to try to help.? If the person is...
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Stockton US bankrupt, a sign of the times or just bad management?As a UK national I am interested to see how the riches nation on earth will deal with this situation. the city I live in is $5 Billion in debt and in almost the same circumstances as Stockton, the powers that be in my city (Birmingham...
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