7 days until the Euro crashes. Can't wait.
I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run.
What non-senses are you people writing here? What Gov't shutdown? Bank-run?!? I have a feeling you know the situation as you are from Mars. There's 0 chance of Government shutdown, they have a brand new Gov't less then a month old which got elected with massive support announcing that it will do exactly what it is doing now. If Greece leaves the Euro-zone it will be
better both for the Greece and the Euro.
That does not preclude bank runs, nor the collapse of the EU. Or the deflation of NATO for that matter. Contagion and dominoes. One triggers the next.
What has this to do with NATO? And how something that makes both economies healthier leads to bank runs and collapse of the EU? Have you ever studied the Iceland financial recovery which Greece is imitating?
http://www.spiegel.de/international/europe/financial-recovery-of-iceland-a-case-worth-studying-a-942387.htmlYes I have studied it - I have a property there I bought last summer.
Iceland could not pay cover the bank's losses and so had no choice. At the time the banks net debts were 100 billion USD the government had just 3 bn Euros in reserves, pumping money into the banks as other countries, like the uk did - was not an option. But this is turning out very well, if painful devaluing as drastically as they did means everyone's salaries were devalued in terms of their purchasing power for anything other than the basics they are fortunate to have locally.
They have natural resources Greece does not have as well as a collective stubborn gritty determination to work their way through no matter what. Icelanders are only a few generations off from a population that nearly starved every winter. If they have to knit their own clothes and fish to survive, they will.
They also have a Scandinavian model economy - high tax, but wonderful state benefits - and very little wealth disparity between the rich and poor.
Most of the free marketeers here would detest living in this system.
I happen to think it is one of the best countries on earth. And one of the best places to live. In the summer ;-)
Greece could learn much from them, but I don't see how they can do what Iceland has done.