DislikedSorry but thats naive. The problem is not only in direct exposure but in the potential impact in the credit markets and thats what is/was in play with Greek debt.
Why do you think the FED extended the liquidity swap facilities this week ?(most people in FF didn't even notice because of the Greek vote) It happened when Lehman collapsed and they know the price the financial system paid for not taking the precaution. The first major banks before the US and UK banks start falling like dominos were the banks in third countries (Belgium, Holland, France,...Ignored
those who can, do. those who cant, talk about those who can