The most likely thing that will happen is they wait till they get paid back by Ireland Frag, then they can just burn the Greek bonds after they have spent a while building a war chest to stuff down there own local banks and whatnot. An orderly attempt at a default by Greece can/may work but the present plan will never work.
We can prob guess there will be another meeting before xmas because of another crisis again blah blah etc etc.
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