> Regarding Greece, a default would be more a political problem rather than an economical one
It's both. He cleverly ignores the real issue: Whatever happens in Greece is going to set the precedent for Portugal, Spain and Italy.
Or to put it another way: The only way to save Greece is to give them a pony. Then everyone is going to want a pony.
Re:Don’t Call Me a Douchebag
by giusemir1978 on Saturday February 11, 2012 @07:36PM
(#3580627)
Agreed for portugal and spain.
Regarding Italy, we have a too big debt to repay. Either we make it or break the european union alltogether.
I dont believe France and Germany are going to give us a pony, nor I believe they have the funds to do so :-(
Regarding Greece, a default would be more a political problem rather than an economical one: European Union is a loosely tied bunch of states with conflicting interests such shock could shake them apart even further.