3 ms·
If they cannot borrow Euros, they will have two options: default on promises to Greeks (pensions, etc.) or leave the Eurozone and return to their own currency w
by msellout 11y ago
If they cannot borrow Euros, they will have two options: default on promises to Greeks (pensions, etc.) or leave the Eurozone and return to their own currency which they can "borrow" from hypothetical wealthier future taxpayers.
- ZeroGravitas 11y agoImplementing dubious political experiments being forced on them as a condition of loans could also be described as a "default on promises to Greeks".