Greece Defaults. What now?

[palou]

0815user said:

palou said:

0815user said:

mai said:

0815user said:
countries debts are overrated in my opinion because unlike individuals no one can really force a country to pay them back. I mean what do you want to do? Invade them? And even if a county does default, basic needs towards the people will always be provided no matter how much debt they have.

 

The EU could very well kill off Greece economically, if they would want to. It would be stupid, of course, but the option to cut all new funding and trade relationships is a threat that can be made towards a country refusing to repay a debt.

But that would mean that greece (for not being able to pay creditors) and russia (for military aggression towards another country) would basically suffer the same sanctions. Unjustifiable and therefore not going to happen.

The US got no sanctions at all after overthrowing Irans democratic government militarily. The world is not fair.

Russia would normally get invaded by NATO in their case, if they didn't have the world's largest nuclear arsenal.

And economical sanctions are perfectly legal. Cuba got completely cut off. Greece is dependant on trade with the EU.

Also, stoppong to trade with Greee is much easier than Russia, as the link doesn't actually matter much to the EU. (losses towards russia upon the sanctions are greater than a complete stop of trade would be with greece, for the EU.)