UK begins preparations for Grexit
Morgan Stanley Says Grexit Would Send EURUSD Crashing To 0.90
If Greece Exits, Here Is What Happens
This is an enormous game of chicken but I don't see how this doesn't end worse for Greece. If they leave the EU, they'll have to revive the drachma, which will be as worthless as Zimbabwe's dollars. I think this paragraph says a lot:
So who will prevail: those who say a Grexit is bullish for the Euro as it removes tail risk and makes the Eurozone even stronger, or those who say a Grexit will lead to a plunge (controlled of course) in the Euro as the contagion risk never really went away, and now everyone will look to Italy and France, where anti-Europe movements have continued to rise from strength to strength, but nowhere more so than in Spain, where the Syriza peer, Podemos, is now tracking at top spot in polls.So now Spain is looking for the easy-peasy-Syriza way out of their debts. What a mess.