Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe.
John MajorAbout author
- Author's profession: Politician
- Nationality: british
- Born: March 29, 1943
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I wanted to get away,' said she; 'everybody wants to plague and worry me about nothing. They'll be all right tomorrow. What's worrying them?'
'They are sacrificing to our Canadian God,' said Solly. 'We all believe that if we fret and abuse ourselves sufficiently, Providence will take pity and smile upon anything we attempt. A light heart, or a consciousness of desert, attracts ill luck. You have been away from your native land too long. You have forgotten our folkways. Listen to that gang...
Robertson Davies