Results 1 to 10 of 13

Thread: Quick Economic Question

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #3
    Join Date
    Apr 2011
    Posts
    5,293
    Reviews
    15

    Default

    Quote Originally Posted by mellors View Post
    Greece is technically already bankrupt, where it doesn't have the money to pay its bills. Normally a country would print more money to cover the expenses, thus devaluing its currency. As Greece is linked to the Euro they obviously cant devalue.
    No all the businesses dont close !
    Thats what I thought, so basically the country continues, but because of the euro monetary system the EU keeps it running and paying its bills!!! sounds to me like they should just declare bankruptcy and avoid all the riots etc...

  2. The Following User Says Thank You to doodlebug For This Useful Post:

    mellors (29-06-11)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •