This is the latest term that's hitting the investment world right now.
As if this Greek tragedy of a story has become an overplayed record, the latest development seems pretty serious.
If Greece really leaves the European Union, all hell is going to break loose in the investment world.
Particularly for securities and derivatives, what will Greek stocks, bonds and other exchange traded products be worth? In Euros? In the old Drachma?
What new currency will rise from this crisis?
Who knows?
We will have to wait and see...
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