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  This is a case of hope over expectation. We are far from insulated from events in Europe. When economists speak of a shockwave felt around the world in such an event we enter unknown territory. Confidence will be shaken to the core. Far Eastern markets will probably be the first to glow red as shares plummet followed by an event timeline dictated by the rotation of the earth as daylight wakes up traders in other countries. There will be panic make no mistake Mr. Mainwaring.
  As it stands the repercussions can only be guessed but the markets and financial intitutions are no different from us all and reasoned thought will inevitably be replaced by trading floors and offices in major capitals by heart rates rocketing as any risk assets are ditched. Even supposedly safer, low risk financial instruments will be at risk.
  Panic is a funny thing. Observe any high stress situation and watch people's reactions as hitherto novel events unfold. The same happened during the Wall street crash.
  I could be wrong but human nature being what it is in such situations has to be factored in rather than depending on what the "experts" tell us.

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