There is a growing view that Greece will have to exit the euro. GREXIT is the word now being used for a Greece exit. Following this path of reasoning, there is a growing view that maybe this will not be that bad for the Greeks. The example of Argentina went through a large default is being used as the example of a success story, (see zero hedge.) Unfortunately, Argentina at least had good that he would trade in the market. This is not the case for Greece which has no goods to trade except for tourism.
The impact of a Greece failure are significant because of the potential contagion. Still, what was thought as impossible is now being thought of as a real choice.
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