Grecian future in doubt

There is no doubt that Greece's economy is in dire straights, but the government seems to be at a loss on what exactly to do about it. In a recent closed door meeting of high ranking government officials there was no consensus on what would be done to try to avoid bankruptcy and even more social unrest. The current debt of the state is roughly 175% of their GDP. There appear to be a few possibilities in the plans of action that could be taken, most however involve with defaulting on one of their many loans. The most notable of these loans is from the IMF, the International Monetary Fund, a loan that no other developed country has ever defaulted on. Other actions include possibly leaving the Eurozone and refusing to pay government employees. Whatever might come about this situation, Southern Europe can become very unstable as a result.


http://www.politico.eu/article/spinning-scenarios-for-greece/