>“There’s just nothing left. There’s no money. People don’t have anything, so how do they buy?” said Irene Devita, 74-year-old retiree shopping for groceries. > >She told Reuters that she had been recently forced to forego a planned purchase of tomatoes as food costs outstripped her ability to pay.

Imagine getting to the store and suddenly tomatoes are out of your price range.

Even if people do have money, it's useless. The country can't import much because you can't get dollars out to foreign sellers. The country can't sell bonds because they're blocked from participating in financial markets until they get out from under their IMF deal and, even when they do, they've basically leased their future to the Chinese in some weird currency swap that will end up doing more damage than good.

They may as well put a "for sale" sign on that country and turn off the lights.