brianWH..imo
1. a default would hammer the markets.
2. a run on italian banks,spain and portugal .
3.greece would need to return to the drachma and start printing masses amount of money.
4. no one will trade with greece for the next decade.
5. greece wil head into the abyss for a very long time..
6. euro will collapse below 1.00
hope that helps..
p.s it would be a mistake if they allow greece to default and i can assure u the EU knows that.
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