About four weeks ago, I wrote a post on Greek eurozone exit scenarios. While I believe that Greece will eventually exit the euro zone, I think it is premature to expect this to occur now as there are many avenues for compromise. The posturing has begun though and elements of the German government are leaking Grexit as a viable option to the press. At this point, I see this talk as speculation more than substance. However, I do want to put down some thoughts on where this is came from and where it is heading. Contagion is going to be the biggest concern.
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