Meathead
Diamond Member
No, they would still be paid and probably given raises, but with a very weak currency. Inflation would be rampart except for local products which are few and the buying power would be negligible but exports would skyrocket, After a considerable time with a huge amount of financial stress, Greece would be able to assert economic sovereignty.That would still not be sufficient to pay the salaries, pensions, welfare rolls, etc. Without reforms, difficult to apply, Greece will implode, with Russia or Europe by its side.Look, Greece drops the Euro and devalues the New Drachma bu 50% or more. Debts payable in Euro become payable in the new currency on a one-to-one basis even though he new currency is worth far less than the Euro. Imports to Greece double in price, at least but then Russia can provide many of the products previously provided in the open market with the Drachma being tied to the Ruble.Greece´s urgent problem is just another threatening national bankruptcy and I doubt that Russia will pay the costs. Greece wants a debt cut from the Troika.Greece is going to default. The creditors will take the loss. It makes sense for the Greeks on other levels too. The main threat to Greece is Turkey which Russia can check, Greece can reach a free-trade agreement with Russia to get discounted oil and gas. Add all those things with a historical Orthodox axis, a hard-left government and Putin's expansionist policy, and you've got the almost inevitable.I am nut sure if Russia is willing to pay for Greece in the current situation.The current Greek government with all it's new ministers has no idea what's going on. Issue like immigration, anti-austerity, reparations and a host of others have long been issues championed by the radical Greek left. Every new minister immediately starts mouthing off about anything connected to their ministry and you get chaos, a Greek word btw.
This was thoroughly predictable. It won't be long before Russia starts building permanent bases in Greece or snap elections will have to be held. The Euro, the EU and NATO could soon be just a part of Greek history.
I am a Greek citizen of Greek ancestry and have lived there for 22 years. I've got an more than just an inkling of what I'm talking about.