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a Greek long shot at 2 million Drachma, page-25

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QTess

135 Posts.

29/06/15

20:17

Post #: 15551156
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Originally posted by thorburn ↑

most of the money owed by Greece is owed to the EC, ECB and IMF. There'll be no contagion there.

Greece can't get booted out of the euro. There's no mechanism.

Perhaps this should be viewed as a market event and not a national insolvency event.

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Not sure how they can stay in the euro if they are in default?
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