Thursday 8 December 2016

Shane Ross: Default is no Greek tragedy

Published 31/07/2011 | 05:00

THE troubled citizens of Greece woke up last Monday morning with a lot less than a bump. Life was surprisingly smooth in the land of default.

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The acropolis was still standing. The ATM machines were still working. Teachers, nurses, police and soldiers were cashing their pay cheques. The Athens trams were running on time. Greece's citizens had a bounce in their step as they strolled into work.

Default had been faced. No disasters had afflicted them.

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