Lordo wrote:GreekIslandGirl wrote:Greece is once again leading the way.
I have real hopes they can bring humanity to the Germans and make them stand up to the bankers, at least, a little.
certainly they are leading the way how not to run a country.
if they default on this loan, nobody will lend them any money. more people in greece will go hungry then before.
They won't default on any loans.
All loans are being bailed out and refinanced at less than a third of the old 17% interest rates Greece was crippled with before.
Therefore, less than a third interest to pay.
Once the economy starts growing, they will be fine.
What they can't afford to do is something stupid like what was hinted by all the Syriza rhetoric (which I believe was just all talk with no walk). They just need to continue with the old austerity program for now and then look at ways to grow the economy in the aftermath.