Greece Defaults

[PAH]

If it all goes tits up, I'm buying some nice villas in France and Spain for next to nothing.

How? If it goes that tits up your bank(s) will be tits up too so wave goodbye to any savings.

Better buy back into gold.

[BlasterBates]

Regardless of whether Greece defaults or not, life will be sh*te in Greece, the only recent country that defaulted recently is Argentina, Iceland didn't actually go bankrupt, it was the banks that did. Greece will have the double whammy, like Argentina, where the state and the banks go bankrupt. The effect of this is to completely squash the economy, because regradless of how cheap things are in Greece, there will be no credit. You can't run a business without credit. Anyone who thinks Argentina just bounced back within a few months, check again. Argentina went through years of pain. Greece needs to sort out it's public finances plain and simple, and it needs access to credit.

[PAH]

Greece needs to corner the european holiday market to bring in loads of lovely money. They've got the facilities and sunshine, just need the low prices.

Maybe a default and going back to the drachma will help that.

[alreadypacked]

I thought the Greek government were going to sell their assets to solve some of their debit problems.

EUobserver.com / Economic Affairs / Greece unveils fire-sale of government assets

[sasguru]

FFS DKUATB

[Churchill]

FFS DKUATB

If you weren't such a pariah, perhaps people would take note of what you say.

[sasguru]

If you weren't such a pariah, perhaps people would take note of what you say.

You're not exactly the dogs bollox yerself.

[Churchill]

You're not exactly the dogs bollox yerself.

Unlike you, I don't give a sh!t.

[scooterscot]

Check it for skid marks, you can't be too careful with rich bankers about.

I give it sniff, it's clean. Keeping it jammed under me monitor until someone deserving crosses my path.

[AtW]

life will be sh*te in Greece

Why?

Weather is good and will remain so.

Food is good and cheap.

Plenty of rioting opportunities.

Greece is the country that managed to stop Persian hordes will surely manage this crisis like it never happened.