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Greek Default And Devaluation: Would It Even Matter?
The prospect of a sovereign default and potential exit by Greece from the eurozone (EZ) has been a major source of the worldwide financial media speculation for over two years. Regardless of any grand announcements made on Monday regarding approval of a "rescue," the Greece issue will remain a major focal point of stress within global financial markets for some time to come. The large amount of attention accorded to the Greek crisis has puzzled many analysts. Given the relatively small size of Greece's economy, it has been questioned whether a Greek default and/or exit from the eurozone even matters. Indeed, ... (full story)
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