Originally Posted by Pete E
Good for the Greek people! Of course now they may have to face the consequences of their decision and I would love this to be a nail in the coffin of the Euro...


Bottom line is, with the Greeks retiring at 45-50 years of age, their productivity does not equal there consumption. This vote was more about the retirement age as anything. From here there Greeks will start inflating, and perhaps hyper inflationary rates. This will reach a point where the retirees cannot survive on their benefits, and have to go back to work.

All this accomplished is an inflationary redistribution of wealth until their middle aged have to go back to work.

You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.

You cannot over estimate the unimportance of nearly everything. John Maxwell