While we could probably live with Greece exiting the euro, stopping the contagion from spreading to other economies is the big fear, David Smith writes.
Greece is a country of about 11 million people with an economy that accounts for a mere 3% of Eurozone gross domestic product and just 2% of the wider European Union economy.
Viewed from America the idea that the Greek economy holds the future of the Eurozone in its hands and could bring it down is about as unlikely as the notion that Georgia (the US state) or North Carolina could cause a collapse in the economy of the United States. So the Greeks have a lot resting on them. The recent gathering of G8 leaders at Camp David hosted by Barack Obama was dominated by discussions of what Greece might do and what...
