[struggle]

Like zerohedge was saying.
1. Greek govt will print billions of “new drachmae” right before exit.
2. Greek govt will exit and set value of New Drachma to 1-1 on the EU.
3. Greek govt will repay debt by dumping new currency on EU

[Beagle8U]

And the value of the dollar after this happens?

[who_would_fardels_bear]

If Greece gets out of the EU, the EU doesn't have to accept Greece's debt in the form of drachmas right then. They can wait until the drachma plummets and then Greece will still be in the same boat.

Countries like Greece, Italy, Spain, etc. may decide to drop out of the EU one-by-one. I would imagine that if the EU stands firm, that the euro will go up sharply after each deadbeat nation leaves, and then start drifting back toward earth as investors realize nothing has really changed.