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nanarchy said:

Things can get a lot worse, I hope for Greek peoples sake your extreme optimism is correct but I doubt it. Perhaps a better indicator is to look at Argentina fromlate 90s to early 2000. Greece is headed down a similar road, although Argentina never reached the insane debt levels that Greece has, once the funds dry up things get ugly very fast.


Argentina default is very differnt than what Greece will get.

Also alot of things that resulted in the default where outsides the hands of their controll... they got good conditions.

Things will be differnt/worse for greece, if it happends.