Financial Standard Comments - Damned to default There's no question in my mind that Greece will default unless of course, the ECB, the EU and the IMF showers it with more money and/or holders of Greek bonds forgive its debts. https://www.financialstandard.com.au/feed/latest?story=12340051 Tue, 13 Sep 2011 10:17:30 +1000 Tue, 13 Sep 2011 10:17:30 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Noah () Are not Germany and the ECB obliged to help out Greece, the EU knew what they were taking on when they admitted Greece into the EU and by forcing the Greeks to accept the Euro they took away Greece's fiscal and monetary policy levers. Also German & French banks have done well out of lending to Greece so now its time to give some of that back. Is it not?

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]]> Noah () Tue, 13 Sep 2011 10:17:30 +1000 Comment by Rob () nah, its not

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]]> Rob () Tue, 13 Sep 2011 15:03:04 +1000 Comment by Robert () I have to agree with the points you have outlined in your article. What would you expect to be the ramifications of Greece defaulting? Taking these into account - would it not be in the best interests of the EU to avoid such an event (that is if they can prevent it)?

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]]> Robert () Tue, 13 Sep 2011 20:09:43 +1000