- Oct 17, 2014
- 23,919
- 14,691
The Greeks are saying, "Hey, we ain't paying."
The consequence is bad credit. It's just like a person walking away from their phone bill. The phone company sells the debt to a collector who calls the person up and threatens them with vocal aggression, but has no real legal power.
Once the nations of the world wake up to the fact that they can walk away from their debts, and there isn't really any global authority that can put them in debtor's prison, so to speak, then it's going to get hilarious.
The consequence is bad credit. It's just like a person walking away from their phone bill. The phone company sells the debt to a collector who calls the person up and threatens them with vocal aggression, but has no real legal power.
Once the nations of the world wake up to the fact that they can walk away from their debts, and there isn't really any global authority that can put them in debtor's prison, so to speak, then it's going to get hilarious.