What Will Happen If Greece Defaults

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Where are the money. Thay are mouch money...........
What really hapend about these matter. Who is ownew of these money. Woud produce that money other money or gpes in some pocket. Are that real money or some jobs. What is functions of money!!!
That hapend in Yugoslavia and we know these filosofie.
Best regards

mladen of MA 10:36AM January 20, 2012

we all know what the effects of TARP are. Zero, nothing, zilch!
Greece seems to be to the anglosaxon economies the lightning conductor whenever they are in real trouble.
1) the indebtness ratio of the EU is 82% of GDP compared to 91% for the US
2) unemployment is sharply rising in the US, compared to stabilizing or even lowering in the EU
3) Greece is but 3% of the EU GDP. Compare that to the bankruptcy of the state of California (maybe that should get some attention too)
Printing money is not the answer to the crisis. It will only further devaluate goods, creating inflation beyond belief. We don't want such a situation in the EU. And if some banks should go bust, well so be it. This is capitalism, not?
So, one word of advise US and UK: get your own act together before preaching

Charles Grisar 2:06AM September 23, 2011