Greece Defaults. What now?

[sc94597]

Turkish said:

sc94597 said:

The rest of Europe, parts of Asia, and the U.S follow within the next 30 years or so. Greece is just an extreme example of where the rest of the world is heading.

Nope, good god whats with the shallow thinking? Greece's fiscal system was just poor and they're paying the price now. Western Europe has a solid system in place. What makes you think Germany will befall the same?

The 2008 crisis shows obviously that what you said is not true. Just because Western Europe is okay right now does not mean it will be okay even a month from now. Greece is just an extreme case of what is going on in most of Western Europe, some Asian countries, and the U.S. Unsustainable debt and crony governement spending to their friendly contractors. That almost every European country and the U.S had bailed out the malinvested banks and corporations after the 2008 crisis is proof that they had learned nothing and that even more bubbles are going to bust.