[Tzimisce]

They are going to try to spend their way out of debt.

I wish them luck.

[Nextrush]

Its their country, let them sink or swim on their own as a sovereign nation, not under the boot of the EU and the New World Order.

[Deo volente]

If they had something akin to our Fed, they could simply print money and ‘stimulate’ the economy.

[Former Proud Canadian]

Nope, they are going to abrogate their bonds. At that point no one will lend to them so they won't be able to spend beyond their tax revenue.

Shortly after the default, Greece will leave or be kicked out of the Eurozone. The drachma will return and they can print their own money again. The "new drachma" will go the way of all fiat currencies.