Quote:
Originally Posted by O.A.F.K.1.1
Before we call this a disaster we have to see if the bluff of the Greeks gets called, there is a chance it wont and the Troika will fold.
The hole is growing deeper by the day. I cant see how you get a financing deal with added €50b of debt relief, or whatever it was the IMF said, through the parliaments in the Eurozone after this. Varoufakis would have to walk to Germany on his knees to make them pass anything at this point.
Quote:
Originally Posted by SenorKeeed
Do you really think Greece leaving the Euro would be a bigger disaster than Greece staying in with the status quo? I mean the status quo is already a disaster.
Short term I think it almost certainly will be. The Argentinian default was awful and they didnt even have to introduce a brand new currency. They just had to let it float.
The austerity is going to happen either way (it will probably have to be harsher out of the Eurozone) and the reforms are actually good things that
should happen but now might not. So it's a question of whether better monetary policy will make up for all that in the medium/long term.