Grexit

[Hope]

Point 3 : I think it would be hard to plan for a Grexit and keep it secret. These things tend to leak out.

Seem to remember that before the Greek Govt agreed to the latest austerity measures imposed on them, the EZ's leaders actually said that they had developed (or at least were developing) contingency plans for a Grexit.

[Jack Knave]

Point 3 : I think it would be hard to plan for a Grexit and keep it secret. These things tend to leak out.

Seem to remember that before the Greek Govt agreed to the latest austerity measures imposed on them, the EZ's leaders actually said that they had developed (or at least were developing) contingency plans for a Grexit.

That was for crisis aid, the type of thing given to third worlds. It was not plans for a new currency.

[cyberman]

If Greece simply defaulted on their debts, would the results for their economy be worse than any other options they are facing?

[Jack Knave]

If Greece simply defaulted on their debts, would the results for their economy be worse than any other options they are facing?

I don't think so. It may be more difficult in the short term but with the ability to devalue their new currency, with time, they could grow. The Troika option is just driving them into a cesspit; and no way out, and it would mean privatising all their collateral goodies. This means the rich elites would buy them and make a fat profit off them, leaving the Greeks as serfs.