Poll:When will the banking system collapse?

[Kasz216]

Mr Khan said:

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

Nobody wins, and Greece loses harder, if they try and defy their debt, they'll be kicked out of the euro, cut out of the eurozone, debts will skyrocket even higher and people will just refuse to deal with Greece.

The bannanna republics didn't really benefit with trade.

While Greece greatly depends on it...

Only way Greece could work like a Bannana Republic is if Greece's plan is to make the Europeon Austerity measures look like paradise compaired to what they would get by voting down the austerity measures.