# If Greece votes no to EU bailout what will happen?

**URL:** <https://boards.straightdope.com/t/if-greece-votes-no-to-eu-bailout-what-will-happen/601473>\
**Category:** Great Debates\
**Created:** [November 1, 2011, 10:35am UTC](https://boards.straightdope.com/t/if-greece-votes-no-to-eu-bailout-what-will-happen/601473 "2011-11-01T10:35:31Z")\
**Posts on this page:** 6\
**Page:** 6

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**Author:** ![Rune](https://avatars.discourse-cdn.com/v4/letter/r/e68b1a/32.png) [@Rune](https://boards.straightdope.com/u/Rune)\
**Post date:** [November 9, 2011, 6:41pm UTC](https://boards.straightdope.com/t/if-greece-votes-no-to-eu-bailout-what-will-happen/601473/101 "2011-11-09T18:41:26Z")

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> [@MOIDALIZE](#):
>
> What reforms?

Pension reforms for instance. Many nations, including Denmark, have postponed the date and made it more self-financing. An aging population would have made such reforms necessary anyway.

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**Author:** ![MOIDALIZE](https://avatars.discourse-cdn.com/v4/letter/m/e274bd/32.png) [@MOIDALIZE](https://boards.straightdope.com/u/MOIDALIZE)\
**Post date:** [November 9, 2011, 6:46pm UTC](https://boards.straightdope.com/t/if-greece-votes-no-to-eu-bailout-what-will-happen/601473/102 "2011-11-09T18:46:40Z")

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Great, they enacted pension reforms. How does that save the euro?

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**Author:** ![Rune](https://avatars.discourse-cdn.com/v4/letter/r/e68b1a/32.png) [@Rune](https://boards.straightdope.com/u/Rune)\
**Post date:** [November 9, 2011, 6:59pm UTC](https://boards.straightdope.com/t/if-greece-votes-no-to-eu-bailout-what-will-happen/601473/103 "2011-11-09T18:59:22Z")

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> [@MOIDALIZE](#):
>
> Great, they enacted pension reforms. How does that save the euro?

I didn’t say it did. I said it’d strengthen Europe over time. Which it will. It’ll also help the Euro short term by ensuring investors that Europe has credible long-term plans. More important than one or two years of deficits are the long term prospects.

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**Author:** ![lisiate](https://avatars.discourse-cdn.com/v4/letter/l/f05b48/32.png) [@lisiate](https://boards.straightdope.com/u/lisiate)\
**Post date:** [November 9, 2011, 9:24pm UTC](https://boards.straightdope.com/t/if-greece-votes-no-to-eu-bailout-what-will-happen/601473/104 "2011-11-09T21:24:09Z")

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Meanwhile, Greece still doesn’t have a new PM, Italy’s seen it’s bond rates go past 7% and [the Guardian is now reporting that France and Germany are now considering breaking up the Euro zone](http://www.guardian.co.uk/business/2011/nov/09/european-debt-crisis-eurozone-breakup).

Well I guess we’re finding out the question posed by the OP a little earlier than expected.

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**Author:** ![Novelty\_Bobble](https://avatars.discourse-cdn.com/v4/letter/n/a3d4f5/32.png) [@Novelty\_Bobble](https://boards.straightdope.com/u/Novelty_Bobble)\
**Post date:** [November 10, 2011, 8:42am UTC](https://boards.straightdope.com/t/if-greece-votes-no-to-eu-bailout-what-will-happen/601473/105 "2011-11-10T08:42:25Z")

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oh dear…things are unravelling badly. Of course the response from Angela Merkel is to suggest that, of course, the answer to the troubles is _closer_ European integration.  
:smack: why yes…that’ll work.

Anyhow, does anyone fancy setting up a similar thread to cover the Italian situation? We need the space to give Silvio the treatment he deserves but buried at the end of a 3 page thread on Greece is not the place.

I haven’t got the time to give such a a thread the upkeep it deserves but I’d love to get a few digs in at Berlusconi.

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**Author:** ![Rune](https://avatars.discourse-cdn.com/v4/letter/r/e68b1a/32.png) [@Rune](https://boards.straightdope.com/u/Rune)\
**Post date:** [November 10, 2011, 9:22am UTC](https://boards.straightdope.com/t/if-greece-votes-no-to-eu-bailout-what-will-happen/601473/106 "2011-11-10T09:22:05Z")

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In a democracy you get the leaders you deserve. Which must mean that the Italians and Berlusconi deserve each other.

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