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Old 2011-09-27, 19:16   Link #16848
Join Date: Mar 2008
Location: CH aka Chocaholic Heaven
Age: 35
They could default on their debt, as many countries have already done.

But the root of their problem is that they can't do that, because they need to borrow more and more, simply to account for the massive deficit in their budget.

Summary: they are toast. Or at least the Hellenic Republic, member of the EU is.

So unless they figure a way to first balance their budget, and ultimately repay their debt (again, things that other countries have done), the current country will have to vanish, together with all it's obligations.
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