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    The question of Greece defaulting is pie in the sky.
    The bailout that has been proposed by the EU, and which the Greeks were going to vote on in a referendum (now disqualified), imposes on all concerned banks of EU countries to renounce 50% of what Greeces owes them.

    So either way, whether Greece leaves the euro or not, a large proportion of their foreign debt is written off.

    At this point, Greece might as well leave the euro.

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