Report: Germany has proposed a plan to protect banks in case Greece defaults.
There are no details to what the plan will be but the fact they have a plan, is moving closer to a default.
Worries in the market are that there are a number of banks who would be seriously effected (perhaps insolvent) if Greece defaults. This in turn could also lead to a series of secondary effects that could lead to the house of cards falling down.
The fact that Germany “has a plan” is comforting from one point, but worrisome from another. What if the plan is not strong enough?








It will happen , Greece will default . The politicians want to bring it in without much panic.