Greece hasn't had the best economy lately. Actually, in Europe, it's been at the bottom for quite some time now. With hyperinflation, riots, and a lack of food, medicine, and oil, Greece is headed for complete disaster. Greece may have to leave the Euro currency and return to its old form, the drachma. It is seen that three things could happen: Greece could voluntarily leave, Euronations could eject them, or it could happen on accident, due to the failing banks that they depend so desperately upon. The first option wouldn't be too bad. Greece would refuse to pay its debts, essentialy sending its debt back down to zero. Sounds pretty great, huh? However Greece would stop receiving bailout funds, and the government would eventually run out of funds to pay what little workers they have, which will eventually result in civil riots or even war. If they were to get kicked out, they would lose funds and still have to pay debt, so that option is out. If they are forced to use the drachma, they would have to issue them practically over night, and have to close off borders to stop travelers to make sure they had the correct currency. Not only would the drachma plummet drastically in value, but import prices would soar up, causing Greece to have to print more money, which in turn would cause possibly the worst case of inflation in history. Annie K better pray for her nation, because their in a sticky sitch as of right now.
http://www.brisbanetimes.com.au/business/greeces-options-a-rock-a-hard-place-and-oblivion-20120518-1yw70.html
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