Greeks, what will you vote?

[nanarchy]

routsounmanman said:

nanarchy said:

Iceland didn't default, the iceland privately owned banks did, they collapsed completely leading to a meltdown of their financial system and currency, the government had to nationalise the banking system and secure very large loans from the IMF. because of that iceland still has a massive debt to pay. Also it didn't recover in a year, it took about 4 before they started to grow again and they are still under capital controls.

Meanwhile, Greece opted to not default, take crazy amount of austerity measures and is in a worse condition than it started (exluding the primary surplus).

GDP -26%

Unemployment 27%

Pension / Wage cuts 30 - 50%

Debt 170% of GDP 

yep and watch those numbers get significantly worse under default.