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  • If Greece does default on their debt surely no-one will ever lend them any cash in future, which would cripple them in terms of any development project that they wish to undertake/etc?

    While this is true, it's not the reason why everyone is getting their knickers in a twist. If the Greeks default,then Italy defaults followed by Spain and Portugal. Why should they pay their debts like good little economies when those feckless Greeks get off free?

    That scenario would cause a bit of a panic in Europe, UK and the wider world, to put it mildly.

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