If Greece defaults, it will go down the drain badly. They will not get out of this as good as Argentina did. With no significant exports (that the EU doesn't pa

If Greece defaults, it will go down the drain badly. They will not get out of this as good as Argentina did. With no significant exports (that the EU doesn't pay for with subsidies) and living from subsidies and dept over the years, there is no chance for progress. With real riots in Greece, Spain and Portugal will think twice. This will get Spain and Portugal get their job done, not giving Greece more money. That said, the best would be to inject more money beside the debt into Greece to start some recovery. Given, Greece did cheat on the EU in the past concerning EU money, nevertheless this should get out Greece faster.