(POLL) Week#3 - 9/26 - 10/2/2011 - Does Greece Default This Week?
MsMorrisine
Posts: 33,019 ✭✭✭✭✭
Apparently the word "default" is now in the EU vocabulary.
However, we all can see the economic destruction if they do default. On the other hand, a massive bailout is piling on more debt to other EU countries which is another form of economic destruction.
Right now, the "status quo" (more debt is ok, screwed if you do) seems safer than the unknown (default, screwed if you don't). Who knows if that will change. Will our money be held in limbo another week like Full Tilt Poker's account holdings?
However, we all can see the economic destruction if they do default. On the other hand, a massive bailout is piling on more debt to other EU countries which is another form of economic destruction.
Right now, the "status quo" (more debt is ok, screwed if you do) seems safer than the unknown (default, screwed if you don't). Who knows if that will change. Will our money be held in limbo another week like Full Tilt Poker's account holdings?
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Greece on Edge of Insolvency 24 Centuries After City Default