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!
That would be huge. I have been reading news about Greece that its economy has fallen in great numbers. I do not understand where does all the money vanishes. All my logic says, that the money will go from one hand to another. But it has been a magic trick, that it leaves one hand but never gets received on the other one. Once the European countries were considered to be the richest in whole world and now almost all of them are going through financial crisis.