Apparently contingency plans are being made for such an event, which presumably support the banks in damage limitation against a further ‘credit crunch’ however, any losses faced by the banks from defaults filter down. As they are deemed unwilling to lend to one another, British banks are therefore susceptible to a Greek exit.
The squeaking wheel doesn’t always get the grease…. Sometimes it gets replaced. Will they or won’t they?
(Image and Article credit: Copyright SUF)