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Posts by "kavaron"

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kavaron
(Athens, Greece)
   
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kavaron
Athens, Greece
Posts: 2
12 years ago
Dec 23, 2011 11:08
In Thread: Will Greece Default? Will it Matter?
VOTE:Greek default in 2012

It's simple. Right now, the EU cannot kick Greece out of the euro zone because the French and German banks will lose billions. Around March the Greek parliament will sign part 2 of the IMF deal which will also give guarantees to the new and past loans. Greece will be unable to erase any debt from this point. Even if Greece goes back to the Drachma, Greeks will have to pay back their debt on drachmas and if they fail to do so, national property will be transferred to the debtors. That is the plan and it will take shape after March 2012. So Greece will default after the parliament signs IMF part 2.
kavaron
Athens, Greece
Posts: 2
14 years ago
May 26, 2010 8:41
In Thread: Will the Euro Break Apart?
VOTE:Other (explain)

Nothing will change. Eurozone will not fall apart. Why is that option not on the poll?
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