Fast moving Events in Greece: Far left ascendant

[cthulu2016]

10. They will be out of the euro and will have to

set up the Drachma which will be valued at essentially nothing and imported goods will be out of the reach of everyone and the costs of government borrowing (interest rates) will be prohibitive, forcing arithmetic austerity...

And everyone in Greece with a mortgage or any other debt will find the cost of that debt at least DOUBLE.

It's a mess in every scenario except one: The big Euro nations underwrite Greek debt in exchange for some minor revenue/spending reform and the ECB sets an inflation target of 4% and tries to actually hit it, allowing debt in the PIGS to decrease some naturally, which it hasn't been doing with Europe in a relatively deflationary environment for most of the last 4 years.

The super cheap Drachma will make Eurozone tourism in Greece (big part of their economy) very attractive, at least... as long as there's not a civil war going on, of course.