If Greece defaults on its massive debt, many have said that some other countries in Europe will fall as a sort of domino effect and if this happens, the U.S. will soon follow and another recession or even another Great Depression will follow. Thoughts?
http://en.wikipedia.org/wiki/European_so鈥?/a>|||rofl.... greece debtcrisis is not imminent. its in full blown maturity since january.
there is no discussing it, greece is bankrupt. but the european union is refusing to let the country bankrupt itself as the euro would get in jeopardy.|||Patent nonsense.
Nations with fiat currencies CANNOT "default" on their debt since they can simply print more currency to meet their cash needs...all that can happen is trade partners start to "abandon ship", which happens slowly enough (since it is decentralized activity) that the nation has time to fix the underlying issue...
It even SAYS on the page you linked to; "This article's factual accuracy may be compromised..."|||Just hoped I lived somewhere else =/ (Greek guy)
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