Free Republic

Here is a document discussing how a disorderly Greek default would cost over $1 trillion Euros. And the 1 year Greek sovereign debt yield breaks 1000%! While the Eurozone touts that they have solved the Greek credit crisis (at least for the moment), investors don’t seem too mollified. Opa! Your economy is on fire!

Collapse of The Euro Is 'Inevitable': Bailing Out The Greek Economy Futile, Says FRENCH Banking Chief By SAM FLEMING and TIM SHIPMAN 12th February 2010 The European single currency is facing an 'inevitable break-up' a leading French bank claimed yesterday. Strategists at Paris-based Société Générale said that any bailout of the stricken Greek economy would only provide 'sticking plasters' to cover the deep- seated flaws in the eurozone bloc. The stark warning came as the euro slipped further on the currency markets and dire growth figures raised the prospect of a 'double-dip' recession in the embattled zone. The bailout of...