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? asked in Politics & GovernmentPolitics · 10 years ago

What are the repercussions of Greece voting to not accept the EU bailout package?

From what the news seems to be saying, if Greece does not accept the bailout package and all its conditions, Greece would be leaving the 17 country zone and switch back to its own currency. What repercussions would there be for Greece and for the entire world if that were to happen?

http://news.yahoo.com/greek-prime-minister-says-de...

http://www.guardian.co.uk/world/2011/nov/01/greek-...

2 Answers

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  • Anonymous
    10 years ago
    Favorite Answer

    Greece would have a tough time getting any credit from private investments. But more it would lose all influence with Turkey and eventually lose its standing as a modern nation. It would become sort of like Mississippi if it was able to become an independent nation.

  • 10 years ago

    I think it would be a good thing.

    look at Argentina. They basically defaulted on their national debt back in 2004, and now, they have one of the strongest growing economies in the world.

    Allow Greece to leave the EU, let them default, create their own currency, and start again with a new banking system that they can control.

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