Greece is being called the new Lehman.
There are similarities. Lehman was in denial as to its over indebted balance sheet and Greece is too. Lehman had the Fed as its lender of last resort. Greece has the ECB as its lender of last resort. The Fed said no and the ECB may do the same.
The difference here is the ECB is bankrupt and the Germans and French have to save Greece because its banks are indebted to Greece big time.
The media may want Greece to crash but it wont. If it does I will eat my shoes. Again.
A cheap vacation (lonely planet)
Germans agree to bail out Greece (reuters)
Greece to sell its people.