If they do that, they will not be able to import food, medicine, or oil, because they won’t have any money that foreigners will take.
They’ll have to eat goats and olives, burn wood, and use herbal infusions. This will be very unpleasant.
“If they do that, they will not be able to import food, medicine, or oil, because they won’t have any money that foreigners will take.”
it will be difficult. They will do fine. Iran has survived all kinds of sanctions and difficulties.
“This will be very unpleasant”. Well, for most of the Greeks, it likely will-they’re so indulged they’ve apparently forgotten how to work and live in a self-sufficient way-but I’m sure if the hotel and car rental prices are cheap enough, tourists will come to gawk at them, eat that primitive food, stay in accommodations built 500 years ago, etc-my husband and I did that in Mexico and Guatemala quite a few times as our vacation.. .
I don’t see why they would have a problem with burning wood and using herbal infusions-we do that in rural areas now/still-olives are delicious, and so is cabrito roasted on a grill or open pit-yum...
“If they do that, they will not be able to import food, medicine, or oil, because they won’t have any money that foreigners will take.”
China, Russia or other will likely seek rights to the Current Greek NATO Navy and air bases etc,,in exchange for oil, food, etc.
This is a high stakes game and the Euros know it. Lots of bluff and bluster on both sides. If it was as simple as cutting them off the Euro with no worry for Europe, it would have already been done.