It will bankrupt our country?

The fear of failure in our country is not new. We have a bad history (1893 Trikoupis: "Unfortunately eptochefsamen) and a threat for years ( the relevant article of 2005 , when our debt was 215 billion euros).

Are unjustifiable strong rumors?
The Greek economy is in poor condition: The state has no revenue (mainly taxes) about 50 billion a year and owes 326 billion (125% of Gross National Product). This year interest only have to pay 13 billion ( 2010 budget ).

But the image of other European Union countries are not rosy. The debt of the countries of the Eurozone is estimated to be 84% of GDP in 2010, for example in Germany for 77% of GDP.

What does a bankrupt country?
When a country declares bankruptcy, effectively declared itself unable to fill those needs. Then after the renegotiation of debt, but with very harsh conditions for the country, imposed by the lenders usually through the International Monetary Fund.

This practice can translate into layoffs, drastic cut in wages - pensions, reduced social benefits (eg health, policing), limit withdrawals from banks, closing - the nationalization of banks, a critical lack of liquidity in the market, inability to repay loans from individuals and businesses, restricting imports to a lack of basic goods.

Our deposits are at risk?
As a worst case scenario (to many stupid), they may end up outside the Euro to go to the DR and made devaluation of our money when they lose value. Along with a lack of liquidity, following a bankruptcy, there will be no regular access to our deposits.

We need to do something to ensure our money?
The issue is not only an economic and, in addition to the speculative games, political games are played and which goes beyond the boundaries of our country.

The answer depends on what happens in the future. And because we can not predict the future, everyone acts according to what I believe will happen.

Those who fear they will fail buy pounds, real estate or transfer their money abroad. Of course there is still fear such "Is the country at risk shifting the savings we?"

Those who believe that the country be saved from Brussels will be corrected or that our economy, consider the time suitable for stock or buy Greek government bonds. Note that no offer of 25 billion for the last bonds issued, and finally only 8 billion.

The views that see the light of publicity is contradictory. Some beliefs are sincere and some are appropriate settings. Even if you are honest position, one can predict with certainty what will happen?

Some anti futurology several tests on the matter:

• Merrill Lynch: Greece, for 10 reasons not to go bankrupt
• Juncker: No risk of bankruptcy in Greece
• Any Greek bankruptcy
• STATE Bankruptcy
• Guide "bankruptcy"
• One step before the "unfortunately eptochefsamen?
• The five candidate countries for bankruptcy
• Country's bankruptcy
• Bankrupt countries?
• What you should know if Greece its payment and how to protect your capital
• NONE risk of freezing of bank deposits
• If the IMF come to Greece what would happen in bonds, deposits and shares you?
• Iceland: Life after bankruptcy

Particularly informative articles:
First Tango in the eurozone?
How we sold and we bought