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zzyzzx
@
2011 Jun 21, 1:20am
zzyzzx
@
2011 Jun 21, 1:20am
Haven’t wars started because of defaults in the past?
I really don't see France, UK, and Germany invading Greece and occupying it until the debts were paid.
Personally, I'd prefer to see France, UK, and German banks refuse to lend other governments money in the future.
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How will it affect US market? Greece had one bailout, I don't think another bailout will do any good except providing chances for creditors to invade Greece with financial weapon. In my opinion, the best way out for Greece is to default and demand a restructuring of its debt. But, the Greece politicians will definitely against this route as they are all bought out by IMF and ECB.