Tuesday, May 31, 2011

What Happens When (Not "If") Greece Defaults

Whatever European governments and the ECB say, Greece will default, as I have repeatedly explained in this blog, from the beginning. A British economist, Andrew Lilico, explores what will follow, after the default, in a Daily Telegraph blogpost, here .

I believe some of these events will indeed materialize, even if all of them don’t.

“It’ll be tomorrow, a month’s time, a year’s time, or two years’ time  (it won’t be longer than that).” 

Just wait for some more official denials ...

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