POLL: Greek Debt Default?

This is one of those polls that shouldn't take all that long to find out the answer to.

Will the Greeks default on their debt?



I know less than a little about economics so it's pretty much just a pie in the sky guess for me.

 

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Will this article find sympathy with Greeks?

OR do we go with the players poised to make the most?

 

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There will be great pressure to stop a default because sovereign debt defaults, like bust banks, are contageous. If Greek debt goes down the pan, who is next? Spain? Portugal? Italy? So in the short run, the Greeks will be rescued even if they cannot help themselves, though the Germans and others will try to give them a good kicking. In the longer run, a worldwide outbreak of hyperinflation from which the Euro cannot escape may remove the problem. Your €1000 Greek bond will be repaid in full, and you will be able to spend it on a cup of coffee!

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I believe that other countries will help them.

 

Bailout time! 'Cause we all know bailouts are good

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They're in debt.....taxes are the worst thing you can do for th economy.

They need to quit borrowing and spending. Then they wouldn't be in debt.

 

So the government is irresponsible and the Greeks have to pay for it? That's pretty stupid.

How about the politicians pay it off, themselves? All billions of it. They're the ones that chose to spend.

 

Who voted for those idiot politicians.

 

Can they default when they use the same currency as the other Euro nations?

 

Nonsense. "The people" is a vague and meaningless term in politics.

 

The Greeks are an international people in a way Americans and others barely understand. If your business, home, family, job, bank account, investments, whatever, are all in one country, the Government finds it fairly easy to plunder your wealth by taxation. Greek family wealth is strangely elusive and might be in Athens one moment, and Melbourne or London or Nicosia or Chicago the next. (I used to have a safe deposit in a vault in London; they had an awful lot of Greek and Jewish clients.)

The concept of freely admitting to more income or wealth than someone else can prove can barely be grasped by the Greek mind. Having your money taken from you seems like being mugged. You put up a fight; you resent it; you are not going to let it happen again. Anyone who thinks collecting taxes from Greeks, especially rich Greeks, will be easy/possible needs to think again. (Why do so many American Greeks live in Chicago? They think it's still bandit territory!

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Yes. if they do not pay bonds when full payment is due or even when an interest payment is due, prior to maturity date.

 

And yet they expect their government to provide them with all these services - financed by Germans who do pay their due? Now they're talking about WWII compensation?? World War II????

Please

 

even more funny, there are many voices in greece that demand a boycott of german products. fortunatly, it wouldn´t do any harm ... only 0,8% of german exports go actually to greece.
i get the feeling they want to blame somebody else for their very own mistakes.

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