[Drew68]

Greece is about to find out what happens when one says, "FU! I'm not paying back a single dime you loaned me!" followed by, "Dude, I need to borrow some more money..."

[aMorePerfectUnion]

“Greece is about to find out what happens when one says, “FU! I’m not paying back a single dime you loaned me!” followed by, “Dude, I need to borrow some more money...”

Ironically, if a nation renounces its debt, lenders will line up to buy its bonds. A nation without debt has less risk. Greece has done that at least 5 times before. Spain is the default champion with at least 19!

To prevent an earthquake that ripples through the EU, they will accommodate Greece, no matter how they grumble.

[Lazamataz]

BS. The EU will give them another 5 trillion and Greece will throw the EU the bird again.

This will repeat until the EU has taxed all the wealth out of their citizenry, and at that point, cue a World War.

[BobL]

“Greece is about to find out what happens when one says, “FU! I’m not paying back a single dime you loaned me!” followed by, “Dude, I need to borrow some more money...” “

You mean like Argentina...a country about to get its THIRD ROUND of financing after welching twice on its debts.

There is simply NO WAY to stop bankers from throwing away other people’s money...that’s EXACTLY what gave us our mortgage meltdown. Grease will have NO PROBLEM getting its money in the future...just as Iceland did.