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To: canuck_conservative

Greece will default.

This will be marked as a technical rather than a commercial default, to stop a derivatives explosion.

Greece will then create an IOU money system to give it enough liquidity to keep it going ... for a few months.

But it won’t thrive. Greece has a socialist government with huge pension commitments and no idea of how the real world works.

Greece will become Venezuala on the Aegean - unless Russia sees enough strategic value in the place to bail it out.


23 posted on 06/22/2015 2:47:51 AM PDT by agere_contra (Hamas has dug miles of tunnels - but no bomb-shelters.)
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To: agere_contra

The banks should have opened by now, but as of this writing there is now news in the interwebs. Strange.


24 posted on 06/22/2015 3:22:20 AM PDT by Sirius Lee (All that is required for evil to advance is for government to do "something")
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