[Sequoyah101]

Why is the whole world economy hanging on the daily rambling and status of the Greek economy? Why is it important enough to swing the markets by billions and billions if not trillions of dollars more than the Greek economy is worth?

The Greek economy can’t be any more important than say a few minor states here in the U.S.

We used to see currencies fail without the slightest notice to the market.

[steve86]

It is the status and stability of the whole Eurozone (and beyond) that is at stake. I'm surprised there isn't more volatility and despair. Instead, there seems to be continuing unrealistic HOPE for a solution.

[GregoryFul]

The problem is not Greece in particular, it is the risk of the problem cascading to Italy, Spain, and Portugal; countries with a much higher sovereign debt and soaring interest rates on such debt. If Greece defaults (which is de facto), with little national consequence, the political forces in the other burdened countries will be to also default. Greece has an economic bomb, and will use it to whatever advantage they can.

I wonder if their MPs are playing the stock market? They could make a killing by cooperatively keeping the turmoil going. Pay off their national debt in a few weeks. LOL

The productive people are hostage to the party-peoples' pleasure. Time to cut them off, charming though they be.