a country which imports more than 60% of its energy consumption to have a falling currency with double digit inflation. "For 2007 -- 13, Greece has been allocated _20.4 billion in total Cohesion Policy funding" source: "European Cohesion Policy in Greece" downloaded from "ec.europa.eu" According to Eurostat cited by Wikipedia, nominal GDP was in 2011 _215.088 billion It is obvious that cohesion funding is less than 2% of the GDP (about 1.6%). I would doubt whether they will get more during the next EU "?????????" (I meant an equivalent of the 5 years Soviet economic plan) and whether they still can rely on these funds when Golden Dawn finally seizes power. There is a plenty of strings attached... It is highly debatable whether other countries belonging to EU would impose trade bariers in Greece after the default or make any serious attempts to seize assets belonging to Greek state. This is all dirty politics. Greece can always exit NATO and then rent a naval base or two to Russia in exchange for cheaper energy and security guarantees against a possible Turkish invasion (just like Armenia). Considering the likely evacuation of the Russian base in Tartus this would be a very valuable asset and could lead to the restoration of Russian influence in the Balcans. That's why nobody would allow for this scenario to unfold, just like with Iceland, when they mentioned asking Russia for help, everything suddenly changed... ("When Iceland announced it was seeking a $6bn (4bn) loan from Russia