Euro Area

[gaelic cowboy]

Prelude to a showdown? http://www.reuters.com/article/2012/...87C09H20120813

What would occur if Greece opted for full default, but did not opt to leave the Eurozone?

The other governments will force Greece's central bank ie the ECB to turn it's back on it which is an unheard of situation in banking never mind politics.

They cant force Greece out and they cant stop them printing Euro if they really wanted to do it, in fact any attempt to force Greece out is illegal and would probably require the dissolution of the Euro and EU.

So they wont be doing that at all at all, tis bluff and bluster to frighten the peasants.

The solution has been the same one since the start you either share the debt or you cancel it.