Greek Default Would Not Destabilize the Euro, Bundesbank’s Weidmann Says

http://www.bloomberg.com/news/2011-06-12/bundesbank-chief-says-euro-can-weather-greek-defaul-as-governments-haggle.html

SS says

Ha Ha Ha

I fell off my chair reading this!!!!!!

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“If the commitments are not met, that cancels the basis for further funds from the aid package,” Weidmann told the newspaper. “This would be Greece’s decision, and the country then would have to bear the surely dramatic economic consequences of a default. I don’t think this would be sensible, and it would surely put partner countries in a difficult situation. But the euro would even in this case remain stable.”