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  Marek the losses from any collapse would be huge as you quote there from the Daily Mail. There was talk last night that it could lead to another global crash as was heralded originally a few years back by the demise of Lehman Bros. The scale of loss would be enormous because so many banks are exposed. At a stroke all the Greek banks would go bust instantly if Greece defaults. Other global banks are very exposed to the greek banks so you can see how it works...like ninepins.

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