Deutsche bank is holding over 57 TRILLION dollars in Credit Default Swaps related to Greek Debts.
Ripping that bandaid off is gonna hurt.
Greece, which may default on an International Monetary Fund debt repayment due on Tuesday after talks with creditors broke down, owes its official lenders 242.8 billion euros ($271 billion), according to a Reuters calculation based on official data, with Germany by far the largest creditor.