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(Created on 30th May 2010)

Vote #148

The following question was presented:

I'm going to venture into dangerous waters. It seems that governments either through country or state are top of all the political topics, but I just can't get my head round what will happen if a country goes bankrupt. So, do you think Greece will go bankrupt?

Results:

Yes was the clear winner with 60% of the votes selected from the following:

Yes (60%)
No (40%)

Graphic of Results:

Pre-Result Discussion

Curt
00:47:33
31st May 2010

Greece is already insolvent. The EU is just in denial but will soon have to come to terms with it. Same goes for the Greek working class.

Mr O
05:47:17
31st May 2010

In the spirit of European unity the Brits gave Greece 12 points in the Eurovision song contest so as they'd win in the hope that hosting next year's event would tip them over the edge of bankrupct. Shame it didn't work, but maybe if it bankrupts the Germans next year we got a decent second prize. And people wonder why the UK finished last with sentiments like that.

Analysis:

Interesting on account of the fact that I normally stay away from anything meaningful, however, this has inspired a couple of comments. I dare say that they are already bankrupt and in denial - it appears that the majority of votes have been cast in the direction of bankruptcy. I still can't get my head around what that will mean. At least not no we have a global economy and everything is interlinked. The thing is that you used to be able to devalue your currency and go through a period of hyper inflation and then everything came out all right. I guess you go bankrupt now and then start training people to run call centers or IT outsourcing given that they're two functions that seem to be trying to find the lowest cost operating model.

I also rather like the idea of hosting the Eurovision song contest as being the last straw that sends you into bankruptcy. That one's probably lost on the folks State side but funny none the less.