Looks like they’re going to run out of other people’s money sooner rather than later.
The same happened in Argentina a few years ago. After that, it happened faster, until the banks closed for a couple of months to stop the runs. After the banks reopened, they were very slow about allowing repatriations of foreign deposits.
The ECB bureaucrats have pushed Greece so far that they would elect Hitler if he promised to get them out of this mess.
Their two “main” parties both say the same thing, basically surrendering to the ECB. Because in the final analysis, they care about business and the banks, not the “Greek on the street”. While that might be sensible in the long run, it is political suicide right now.
So now the extreme left has a chance. If they tell the EU to go get knotted, they will be popular. But their economy is in shambles, and if they can’t fix it, they will go down hard in the next election.
And then, maybe, they will elect a Golden Dawn version of Hitler.
The dollar will soar against the euro. When Europe hits rock bottom, time to take dollars and invest in europe.
"Smoke Spend 'em while you got 'em."