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0815user on 05 July 2015
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palou said:
0815user said:
mai said:
0815user said:
countries debts are overrated in my opinion because unlike individuals no one can really force a country to pay them back. I mean what do you want to do? Invade them? And even if a county does default, basic needs towards the people will always be provided no matter how much debt they have.

 

The EU could very well kill off Greece economically, if they would want to. It would be stupid, of course, but the option to cut all new funding and trade relationships is a threat that can be made towards a country refusing to repay a debt.

But that would mean that greece (for not being able to pay creditors) and russia (for military aggression towards another country) would basically suffer the same sanctions. Unjustifiable and therefore not going to happen.