[quote=DomoArigato][quote=AK]No one made them join the Eurozone. Cut off their emergency loans and they won’t even be able to print ballots for the bailout referendum.[/quote]
Not a big fan of democracy, eh? You must work in finance.[/quote]
The bigger issue is that serious belt tightening may be better in a broader sense but that there is no real way to vote for pain in a democracy.
From a domestic perspective, it is probably more rational to just default and let the ECB figure out what to do.
I mean its not as if anyone is lending them any more money.
The people who get most screwed in a default are probably not the Greek voters.
That is a point where individual democracy is actually at odds with the broader needs of the combined larger entity.
