We have 448m to the International Monetary Fund is due this Thursday (April 9th).
Then we have public sector wages and pensions, 1.7b in social security payments made by the state (April 14th).
Then we have a 200m loan repayment to the IMF (May 1st).
Now correct me if I am wrong, but if Greece cant pay any of these 3 bills we are talking about the first "western modern" country to be technically in default. If they resort back to the Drachma, it will be one of the most worthless currencies on the planet.
What I cant really figure out is the outcome, both worldwide financially against the Euro, and obviously against Bitcoin. Will we see BTC as safe heaven? Something tells me only a little, because the average Greek is not highly IT literate, but I could be wrong here.
Give me your thoughts people, as this goes down in about 3 days from now!
Actually Greece will not default. Politicians will find a solution again to give Greece more money.
Right now Greece plays hard, having discussions with China and Russia. This way they will either force EU to be more "merciful" with them, either will get a loan from China giving them something EU will not like.
stakes are way too high to let greece default. as you say it is more likely that they will find a solution. but the only solution they have is giving them more money. this won't stop. it will cost the tax payers billions in the comming years.