Greece Defaults. What now?

[routsounmanman]

MikeRox said:

routsounmanman said:

Sadly this is where Greece's problems kick in. The logical thing, would be to reduce Greece's debt, and put the country on a sustainable path back to prosperity. However, Portugal and Ireland took their medicine without such concessions. More so though, if Greece is allowed haircuts on it's debts, Spain and Italy etc will start to demand the same.

 

Not the same kind of medicine, unfortunately. Twice as much austerity in Greece, with a crappy program to boot.