Comment by the_gipsy

So someone predicted Greece will default, because they had an abnormal amount of debt, and they did default (albeit in a controlled manner) after the 2008 crisis. And because of that you think Spain and Portugal will default?

No, and with absolute certainty not because of the second houses or public servants. That's armchair economy talk from someone that got one predictable thing right once.

Look at Michael Burry (the 2008 bubbly guy, whatever his name is). He keeps screaming "bubble" every once in a while, never got anything right again.

Let go.