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by cmdkeen
4095 days ago
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Oh it will be a problem for other countries. But there are short term consequences to a Grexit for Greece, the long term consequences may be good but immediately you'll be looking at; capital controls so people can't move their money around, Euros being forcibly converted to drachma, Greek banks going bust (combined with capital controls that isn't fun), a temporary inflation spike. So short term Greece's social problems will be exacerbated - and that is the problem, arrogance suggests that there won't be a problem. The government may be looked back on a different light in 5-10 years time, but when there is renewed rioting in the streets in a month that isn't so good. |
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