Greece, not again?

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The European Commission warned of "catastrophe" if Greece has to abandon the euro and its chief executive, Jean-Claude Juncker, urged EU governments to show solidarity as Athens struggles to secure more credit.

EU executive warns of Grexit 'catastrophe', urges euro solidarity | Reuters

Borrowing costs would soar for nations such as Italy and Spain and Europeans would race to withdraw cash from their bank accounts, according to Roubini, a professor at New York University’s Stern School of Business. Even Germany -- Greece’s main nemesis as it negotiates a new financial aid package from European leaders -- recognizes this risk, he said in a Bloomberg Television interview Friday.

Roubini Greek Doom Scenario’s So Bad It May Keep the Euro Intact - Bloomberg Business