The greek debt can be paid down by $100B. The world stock markets lost cca. $10Trillion, that is, cca. 100 times this amount since the greek crisis stated 2 years ago.
And this sends the very worst message to Greek nonpayers and politicians. Looks like their default ruins the western world financially, therby reinforcing their bargaining position, and weakening those western leaders, and put pressure on the creditors instead of debtors.
It is time for a new Churchill size politician in EU, to say those old sentences, which made Britain strong.