Greece default - a threat to World Economy

While many Analysts believe that 'greece default' is certain to happen even after the second bailout, do you believe it could still be avoided and the World economy wouldnt be disrupted?

 

Dont know about the world but the European union would defiantly be effected

 

that would ultimately effect other non european countries as well

 

Greeks themselves don't want to solve this problem. They didn't like the austerity measures, and played havoc on the streets by doing violent demonstrations. On one hand your country is going down, defaulting, and on the other you don't like the helping measures?? This is not good at all, and on top of that they blame foreigners from Asia which include students and other migrant workers for this economic downfall. This is absolute crazy.

I don't understand why people in European countries start to blame foreigners for their own mistakes. Racism gets on top of the agenda in all European countries where economy is not doing good. Instead of addressing the real problem, people start to find escape goats in the form of foreigners. Same is happening right now going on In Greece.

 

eventually yea since all economies are connected in a way but many economies are more diverisifed so it will affect them but its not a threat as such

 

Greece is well and truely Bankrupt, I think we're going to see large quantities of people fleeing the country.

 

The only solution is that Greece separates from EU and devalues its currency.

That will be a big boost to its exports and revive its sick economy.

Of course, the first few months after such a move will be very painful.

 

Yes. I believe it will be broken

 

all world economy on defeat level. it is truth that capitalism economical system totally failed. we need a new economical model.

 

No the economic system is fine, the banking system has fail.