\”If it happens, and I say if, it won\’t lead to civil war,\” he says. \”If the state runs out of money, it can write short-term IOUs like California did a few years ago.\” But Greece has no Apple, which is worth many times Greek GDP, to back up its solvency.
Eh? Apple backs up California\’s State solvency?
It pays corporate income tax there, yes…..but that\’s it. Not really quite the same as backing the solvency though, is it?