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Author Topic: Greece  (Read 5280 times)
MountEverest
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October 18, 2011, 01:21:19 PM
 #1

Hi there,

Little poll here. What will happen when Greece goes bankrupt?

a) It will become more difficult for companies to get loans + sore economic times, that's pretty much it.

b) Greece won't go bankrupt.

c) Total economic meltdown. Essentially the beginning of World War III + lots of people start using Bitcoins, Gold and other alternative currencies.

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MountEverest

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MountEverest
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abracadabra
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October 18, 2011, 03:05:17 PM
 #2

Doubt euro zone will let that happen.  They are already into greece for 50bn euros.
Letting one of their member states fail will have serious consequences for the euro.

http://baltic-review.com/2011/10/alternative-currency-coming-to-stores-near-you/

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October 18, 2011, 11:44:49 PM
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I think a, its surprising how resilient economies can be especially now governments understand recession better than they did in the 1930s.

If anything I've said is vaguely useful feel free to show your appreciation
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Bit Ghost
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October 19, 2011, 02:43:01 PM
 #4

A & B together.

Greece won't go bankrupt because they're so heavily tied in with the Euro (a stupid idea to begin with) and the other Euro-zone countries don't want their economies to suffer because of Greece. So they'll keep feeding medicine (money) into the patient until she stabilizes a bit.

It may cause economic hardship for the Euro-zone countries but it's better than a total default and meltdown.

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October 19, 2011, 02:52:37 PM
 #5

its all a big conspiracy to enslave the population through, so that the conspirators can purchase the land and resources of the endebted countries. greece is only the start, they are coming after italy, spain and portugal next. tranche after tranche of "bailout" (read debt for the people).

doesnt bail out sound much more helpful than public debt.

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