If Greece defaults

[GreenStox]

And what able minded non-mentally ill person would buy them when they are near the brink of destructiion?

Greece is strategically located in the Balkans, connecting European trade routes with those originating from Asia. Russia and China might be interested in gaining access to the ports and straits in the region. Also, Greece might become an important transit route for the various natural gas pipelines, which are currently in construction (Nabucco and Turkish Stream).

Well i`m not sure russia is in shape to invest anything right now, their economy is hit severely by this oil problem. But i might be wrong.

I dont think think they will leave the EU, its much more likely that they will just printe euros for the sake of greece.

The funny thing is that if the dollar is in big trouble now, which it is, the EUR will be strengthened now alot, all that 7 month severe EUR/USD downtrend will be reversed, and the ECB wont like that.

So they will double, triple the 1.6t € QE that is going on, and they will buy the greek bonds with that money. This wont affect the EUR that much, and it wont create much inflation because the money would come from america , and problem could be solved with that.

What do you think?

[GreenStox]

Well i`m not sure russia is in shape to invest anything right now, their economy is hit severely by this oil problem. But i might be wrong.

I dont think think they will leave the EU, its much more likely that they will just printe euros for the sake of greece.

The funny thing is that if the dollar is in big trouble now, which it is, the EUR will be strengthened now alot, all that 7 month severe EUR/USD downtrend will be reversed, and the ECB wont like that.

So they will double, triple the 1.6t € QE that is going on, and they will buy the greek bonds with that money. This wont affect the EUR that much, and it wont create much inflation because the money would come from america , and problem could be solved with that.

What do you think? Not a chance Greece will leave the EU or be kicked out, before that happens the EU will bail them out and take control of their finances.

Thats 1 outcome i dont want to see. If they push for centralization and taking over sovereign countries, then they will create an United States of Europe, which is probably their long term goal.

These are cunning globalists who want  a 1 world government after all.

[alani123]

Not a chance Greece will leave the EU or be kicked out, before that happens the EU will bail them out and take control of their finances.

Do you really believe that this is going to be the case? Greece owns a large portion of its debt to the EU, I think that it's been already stated that they won't be erasing any debt.

[medUSA]

Not a chance Greece will leave the EU or be kicked out, before that happens the EU will bail them out and take control of their finances.

I do not believe Greece will be kicked out of EU unless it is the absolute last resort. Greek debts to the EU is not their biggest problem, they have comparatively low rates. Their IMF debt is their greatest concern.

[thejaytiesto]

I ask myself what would happen to them if they go back to Greece and for the next 4 months start just spending that money and fulfilling their campaign promises, delaying sell-off of ports, pantheon and so on.

[pitham1]

I ask myself what would happen to them if they go back to Greece and for the next 4 months start just spending that money and fulfilling their campaign promises, delaying sell-off of ports, pantheon and so on.

As long as the Troika play along, it will be okay. But they can't risk testing the patience of outsiders for much longer.

[alani123]

Not a chance Greece will leave the EU or be kicked out, before that happens the EU will bail them out and take control of their finances.

Do you really believe that this is going to be the case? Greece owns a large portion of its debt to the EU, I think that it's been already stated that they won't be erasing any debt.

Not erase their debt but they would make a deal with them and take control of their finances until it can be handled and control be given to Greece. I doubt any of this will even happen they will just give Greece more time.

The troika had too much control when the previous government was still on. Syriza successfully convinced Greeks that the troika's plan was failing and they're currently re-negotiating the arrangements. We sure know what went on in the past, but hell, I'm a Greek and our future seems as uncertain as it looks from outside.

[JohanM]

They could sell a few of their islands to some other European countries. That would probably be the cleanest exit from trouble.
I imagine that many north european countries would like to buy some sunny islands ... 

[pitham1]

They could sell a few of their islands to some other European countries. That would probably be the cleanest exit from trouble.
I imagine that many north european countries would like to buy some sunny islands ...  

Their self esteem will take a beating, but life will become manageable.
If they decide to sell islands, even countries like China might be interested.

[qiwoman2]

PIREUS BANK has frozen many poor peep's ninja mortgage loans, EU should do the same like they did for GERMANY after WW2..Give Greece some breathing space, while Greece kicks out all the corrupt DAE RENS and also collect all the hidden taxes from LAGARD LIST.   Also Greece should create a new crypto currency backed up by public assets and give the coin holders a quarterly roi instead of paying off SHOIMBLE. 

[alani123]

They could sell a few of their islands to some other European countries. That would probably be the cleanest exit from trouble.
I imagine that many north european countries would like to buy some sunny islands ...  

Selling a country's territory could cause a lot of implications. Greece already has a way to privatise islands in place but I doubt that this could be a way to erase part of the dept for many reasons. And the bureaucracy is one of them.

[cellard]

Almost one in three Greek household had to make it through 2012 with an annual income below €7,000.

These shall be known as the good ole days in the not too distant future.

[pitham1]

They could sell a few of their islands to some other European countries. That would probably be the cleanest exit from trouble.
I imagine that many north european countries would like to buy some sunny islands ...  

Selling a country's territory could cause a lot of implications. Greece already has a way to privatise islands in place but I doubt that this could be a way to erase part of the dept for many reasons. And the bureaucracy is one of them.

They just don't have the will to do it.
Countries have faced crises before and have come out of it. I don't see why Greece is making such a hue and cry about returning funds that they have borrowed.

[qiwoman2]

I don't believe privatization and selling off the islands would be a good choice, maybe leasing them out would be better to the Tourist trade but that's about it. We will see in June what happens when liquidity will run out. Varoufakis insisted there is no plan B although Soimble says otherwise..I am curious to see how it pans out and watching closely.

[JohanM]

There is no need for a plan B. The Greek government is still on track for its plan A:
Agree to any negotiation but never finalize anything. Start making silly claims (ww2 payments) yourself. In the mean time all of their personal assets are long safe. When finally nobody sends money to Greece anymore they'll go bankrupt.
Then tey'll blame it on everybody but thelselves.

Why they don't take on the chucrch ?
Why they don't take on the superwealthy Greek ?
Answer is easy, politicians from any party are very closely tied to both of those parties = corruption.

[GreenStox]

I don't believe privatization and selling off the islands would be a good choice, maybe leasing them out would be better to the Tourist trade but that's about it. We will see in June what happens when liquidity will run out. Varoufakis insisted there is no plan B although Soimble says otherwise..I am curious to see how it pans out and watching closely.

Why not, sell every single terrirory, and privatize it. The age of governments is over, time to embrace real capitalism. Privatize everything!

[qiwoman2]

I don't believe privatization and selling off the islands would be a good choice, maybe leasing them out would be better to the Tourist trade but that's about it. We will see in June what happens when liquidity will run out. Varoufakis insisted there is no plan B although Soimble says otherwise..I am curious to see how it pans out and watching closely.

Why not, sell every single terrirory, and privatize it. The age of governments is over, time to embrace real capitalism. Privatize everything!

Either that might happen or AMerica will just send in the Turks to take a few islands for free.. No one wants Greece to thrive and unfortunately I believe even the Greek people have acted too little too late because they were busy enjoying the lifestyle life on debt.  Ask this generation if they want to go and work in the fields? No way, they all wanna be singers and footballers now.. It's a shame..such a lovely country going to waste..I hope Tsipras can turn the country around and the People rally behind him. They really need that ministry of corruption to go into high gear and get all those relatives of Samaras on the lagard list.. If the Government gave me free land in Greece I would build crypto cooperatives all over Greece, am going to send them a whitepaper of my idea..see if anyone cotton's on..

[Meuh6879]

like all crash ... they ramp to june or july, vote all security law and bankster freeze on august and then ... surprise append in september/october. 

[AtheistAKASaneBrain]

Unfortunately, it seems all of Varoufakis tricks are coming to an end. Tsipras has decreased his authority and now he will not be the main negotiator in the eurogroup.

[mrhelpful]

If greece defaults, the rest of the EU moves on, and continue what they been doing thats it.

Its a small country which they been lending bail out of money for years. They dont produce anything since its more based on a tourist attraction, and the people in greece are forced to move out on countries near by or where their family friends are located.