Greek default on debt will cause chaos in Greek economy.
Greek will not be able to borrow for many years.
Greek will have more difficult decisions regarding pensions and labor reform if it does default.
Greece risks public revolt over financial calamity if it defaults.
The run on Greek banks will cause massive bank defaults and destroy Greek economy and financial system.
Posted on 06/17/2015 with comments
Patrick O’Connor, MAI, Owner and President
Patrick O’Connor has been active in reducing property taxes, providing expert witness testimony and appraising commercial real estate property since 1983. Pat is active in publishing analyses and data with respect to the real estate market, while being a highly regarded media spokesperson for the real estate community. He holds a MAI, the highest achievable designation from the Appraisal Institute, and is a licensed senior property tax consultant. Pat earned a Master of Business Administration from Harvard University. In 2001, he authored the first definitive consumer guide to Texas property taxes, Cut Your Texas Property Taxes.