if they,let one of these countries default,then the euro is no longer a club of eur country's representing one monetary exchange,it' s all or none,united or dividedQuote from NoDoji:
We haven't had a country default on its debt yet. In 2008 we had major iBank failures, first BSC, then LEH was the nail in the market's coffin. If one of these countries defaults, that would be mayhem for the markets. Right now it's just a "correction". The whole thing has a deja vu feeling though.