Poll:When will the banking system collapse?

[Mr Khan]

Kasz216 said:

Mr Khan said:

Greece seems to be willing to defer it, as their upcoming plebiscite indicates. They will likely reject any punitive solution, and this is a forewarning against other attempts to institute austerity.

I think that's his point.  If they reject the austerity they will more or less immediatly defualt on their debt as they NEED austerity to survive.

Auesterity is coming either way pretty quickly.

Yes, but if democracy defies austerity to the utmost, who can win? The banana republics of yore simply defied their debt, like Venezuela, Haiti, and the Dominican Republic