What a Greek default could mean for you

Greeks riot against austerity (Author Jesse Garcia)

 

The Greek government has been in a financial crisis for the past several years.  There have been several attempts to restructure Greek debts and pass “austerity budgets” with draconian cuts to government spending, but the nation is edging ever closer to a default on its national debts.  The situation has deteriorated to the point where Bloomberg estimates that there is a 98 percent chance that Greece will default within five years.

 

Read this article on Examiner.com:

http://www.examiner.com/conservative-in-atlanta/what-a-greek-default-could-mean-for-you