Is "too big to fail" the cause of Greece financial collapse?

[tailfins]

Importantly, if banks were properly allowed to fail much like other private business are allowed to with great regularity, bank exposure to Greece would be a non-story.

What's not stressed enough is that Greece has an economy that is around the size of Dallas, and that as a percentage of the overall Eurozone economy amounts to roughly 2-3 percent. That such a tiny part of Europe's economy could have investors up in arms is further evidence that this is all about the major banks with exposure to Greece, and nothing about a potential Greek default.

http://www.realclearmarkets.com/arti...ot_101726.html

[fj1200]

No, unless they're counting the EU and IMF as banks.

[Kathianne]

No, unless they're counting the EU and IMF as banks.

It does appear this 'crisis' is unveiling more weaknesses in both EU and IMF, no? Not a bad thing.

[fj1200]

It does appear this 'crisis' is unveiling more weaknesses in both EU and IMF, no? Not a bad thing.

More of a slow moving train wreck about to crush the Greek people.