Greece Defaults. What now?

[Never]

padib said:

generic-user-1 said:

what rule of debt? greece doesnt want to default that why there is all this talking.

I was following sc's hypothetical.

I'm basically questioning the power that the IMF holds, they are somewhat like the Iron bank of Braavos. What can they possibly do if everyone defaults?

The reason countries don't want to default is because it'll deter future investments in the country. There's no need to have additional punishments on top of that.