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Leonid Bershidsky

Greeks, Welcome to the Soviet Union of 1991

What happens when a country goes bankrupt and loses access to external funding.
Not-so-good old days.

Not-so-good old days.

Photographer: Piko/AFP/Getty Images

Having lived through the collapse of the Soviet Union, I have a lot of sympathy for the Greeks. If they vote to reject the creditors' proposal in the July 5 referendum, they may experience a version of what we endured.

QuickTake Greece's Fiscal Odyssey