Why a Greek Default Is a Global $360 Billion Problem That Affects Us All

A Greek default is inevitable. Years of piling up bailout loans without a reprieve in the Greek debt crisis prove that. But it's not just the 300 billion or so euros in Greek debt are the problem. It's the complicated spider web of cross-collateralizations and derivative trades tied to Greek debt that are the real terror. Here's how a Greek default could be a much bigger problem than you're being lead to believe... Tags: credit default swaps , Derivatives , Eurozone , Financial Crisis , greek debt , Greek Debt Crisis , Greek default , Greek exit To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why a Greek Default Is a Global $360 Billion Problem That Affects Us All appeared first on Money Morning - We Make Investing Profitable .