Business news without the bullshit

"If you're going to default, default big"

What the Greek default is going to look like

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It's not Greece that needs the bailout,
it's the banks that loaned to them

For all the poor mouthing, the United States is the world's BIG buyer. A slowdown in the United States will be a catastrophe for everyone. Like all central bankers, this guy thinks it can be avoided, but he's also pretty forthcoming about the consequences if it can't.