Originally Posted by
doodlebug
I know this is probably not the most appropriate place, but I have to ask, people keep saying if Greece doesn't pass austerity it will go bankrupt. Question is....what happens when a country goes bankrupt, does it cease to exist, do they close all the businesses and ship people off to another not bankrupt country!!! Just wondering.
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 !
Come in she said "I'll give you shelter from the storm "