[blam]

"Avoiding a post-exit implosion of the Greek banking system, however, might require temporary measures, such as bank holidays and capital controls, to prevent a disorderly run on deposits.

I'm guessing that the 'smart' money has already left. Much more to follow.

[RC2]

It would seem to me that Greece would do a lot better by exiting the EU and be responsible for its own destiny. Especially when looking at how the EU is working. Others will surely follow.

[allendale]

Instead of austerity, the Greeks have chosen poverty and misery. The imported goods that make modern living possible will simply not be available. Things will get ugly. The Germans ought to leave now.

[Bruce Campbells Chin]

I am not sure why this story is being comparatively ignored. I think it has huge implications for November.

Greece is in serious trouble due to runaway spending and debt. It is likely that sometime this summer, things are going to get pretty bad in Greece. If that happens, conservative/GOP calls for cuts in spending v. liberal/Democrat desires to spend more money and go further into debt are going to find a much more receptive audience with voters who don't want the U.S. "to go the way of Greece." That could impact not only the top of the ticket, but House and Senate races as well.

[gitmogrunt]

Greece, an example of the ultimate bankruptcy of socialistic policies that don’t work.

[stephenjohnbanker]

” I’m guessing that the ‘smart’ money has already left. “

I agree.