Dr.Grass on 12 March 2012
What interests me is that Greece had less debt than many of the other EU countries.
OT: Default means nothing happens. You can't pay your debt. It gets written off. What makes it complicated is that they are part of the EU, so there are several benefits that they aren't entitled to any longer.
I'm not the most knowledgeable, but this is a huge issue and no-one responded thus far... I do know that there are some countries that might follow suite soon.
Another interesting point is the effect this will have on the US, since much of that money was lent from there. Interesting times indeed.
