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clickity click · 05-11-2015, 02:59 PM

So I was just listening to the news and it said that Greece could run out of money (again) within 2 weeks unless they can secure another loan from the central bank.

They are already $376 billion in debt and it's costing them over $24 billion in interest every year.

Question. What happens if the money does actually run out?
Why don't they declare bankruptcy and start again saving $24 billion a year? Ok, so Euro nations and the local populous would be a bit pissed but medium to long term it could work well?

05-11-2015, 02:59 PM
clickity click So Fecking Bummed Industry Role: Join Date: Aug 2014 Posts: 3,682	The Greek Debt So I was just listening to the news and it said that Greece could run out of money (again) within 2 weeks unless they can secure another loan from the central bank. They are already $376 billion in debt and it's costing them over $24 billion in interest every year. Question. What happens if the money does actually run out? Why don't they declare bankruptcy and start again saving $24 billion a year? Ok, so Euro nations and the local populous would be a bit pissed but medium to long term it could work well?