FT Alphaville � Greek-out culminates in talk of eurozone exit [updated]

FT Alphaville � Greek-out culminates in talk of eurozone exit [updated]

If this Greece restructures, what's going to happen in Ireland and Portugal? Will they restructure too? Or will all of them leave the Eurozone. I'm pretty ignorant about this, but people keep mentioning a Lehman Brother's collapse type catastrophe. If that happens, what will happen to the Eurozone (mainly German, but French and Spanish too) banks? Are they capitalized enough for a Greek haircut? I don't think this is something we want to see. But the status quo will be a disaster for Greece. The austerity measures in Ireland will be a nice experiment on what not to do in a economic crisis. So much uncertainty and not enough people are paying attention in the US.