> Interest rates (which Greece now has the highest in the European Union) The averaged interest rates are actually fairly low for Greece as a lot of its bonds

> Interest rates (which Greece now has the highest in the European Union) The averaged interest rates are actually fairly low for Greece as a lot of its bonds are held by European institutions with very good conditions. The effective interest rate is at 2.4%, slightly lower than even Germanys effective rate. The more interesting value is the debt-service burden, but even though that's higher for Greece, it's still in the same ballpark (it's about the level that the US have). Still, the debt is horribly high and I don't see a way to repay it. I also don't see a way that Greece can meaningfully default without leaving the EU. That's impossible to sell to Spain, Italy, Portugal, Ireland or might trigger a landslide. Maybe a unified fiscal policy could help. We live in interesting times. see http://www.socialeurope.eu/wp-content/uploads/2015/01/OP6.pdf http://www.socialeurope.eu/wp-content/uploads/2015/01/OP6.pd...