France would have suffered the most from a Greek default.
This is an alliance that cannot even handle a Greek default.
Still, anything that reduces the risk of a Greek disorderly default has to be good news in the short term.
So is a Greek default still likely, despite the measures being approved?
The bank stress tests were so poor initially, incredibly, they ruled out the impact of Greek default.
A Greek default is just the beginning of an unfolding tragedy.
Greece is struggling to keep up with all its debts, hence the talk of a possible Greek default.
There's no doubt that a Greek default would be incredibly painful.
A Greek default would not reveal a new hidden world of risk.
It is even possible that some have taken positions that will benefit from a Greek default.