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Why a Greek Default Would be Worse Than Lehman Brothers' Collapse
CNBC ^ | 25 May 2011 | John Carney

Posted on 05/25/2011 4:22:46 PM PDT by george76

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To: george76
Lehman had $561 billion of debt.

Greece has about $400 billion.

21 posted on 05/27/2011 10:41:48 AM PDT by wideawake
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To: pnh102

it is too late.

what would happen is all the piigs and more would withdraw from the euro and repudiate the debt.

The problem was that the big movers of the EU thought they could BUY the smaller countries rather than use bullets like the old days.


22 posted on 05/27/2011 12:13:41 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: george76

Naaa...the biggest risk is to the egos of the NWO crowd...angry as their little socialist/communist fantasies implode as the Greeks all shoot them the bird.....hope it happens..the summer entertainment will be worth the popcorn....


23 posted on 05/27/2011 12:24:37 PM PDT by mo ("If you understand, no explanation is needed; if you do not, no explanation is possible")
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