Another Greece default question

Miscellaneous and Personal Stuff I Must Share
1

Hypothetical question here asked out of curiosity.

Let’s say it’s the 11th hour and Greece has not lived up to its obligations needed for the bail-out and so will default on its debt. What the most likely outcome?

  1. They’ll get the bail-out anyway.
  2. They’ll get kicked out of the Eurozone before they default.
  3. They’ll default while in the Eurozone.
  4. Something else.
2

The germans will bail them out. However, long term, there is NO way that Greece can ever repay its debts.
So I forsee a long period where bond payments are frozen, debts forgiven, etc., after which Greece will emerge as indebted as ever.:frowning: