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National Bank of Greece S.A. Message Board

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  • supor450 supor450 May 6, 2010 11:16 AM Flag

    Default is the ONLY option- analysts.

    Default? Like the Argentinians did a decade ago? And becomes shunned by foreign lenders for many, many years, just like Argentina? And, its economy flounders for many, many years, just like Argentina's?

    I suspect cooler heads in the Greek government understands that being a deadbeat will not solve the country's problems. It'll seize upon this crisis = opportunity to ram through structural reforms and put an end to 150+ years of fiscal irresponsibility.