Re:Behind Germany’s refusal to grant Greece debt relief
by curiousjorge on Saturday July 11, 2015 @10:00PM
(#9872333)
The banks are going to run out of money within days without emergency funds from EU. Who would they have to beg next to secure those funds if not EU? I'm genuinely curious. Print more money to pay for all the debt? How is that going to work out?
The most likely thing that would have happened is that at some point Greece would have entered a financial crisis, devalued its currency, and gone off as usual. As it's happened countless times in other places.