Sounds a lot but actually if it happens isn't a lot really, maybe 1% extra spending for the Governments in the Eurozone. If it indeed happens. I suspect that is worst case, and it will be less.
Greece was never really the problem. It's the banks and the credit ratings on the Eurozone they need to worry about. Once the default goes through and European banks haven't all keeled over the crisis is more or less over.
Greece was never really the problem. It's the banks and the credit ratings on the Eurozone they need to worry about. Once the default goes through and European banks haven't all keeled over the crisis is more or less over.
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