Greece Default Time and Human Face..

The Economist front Page

Greece's economy will continue to shrink by 2.5 percent next year, compared with a 5.5 percent contraction in 2011, according to the country's 2012 budget draft released on Monday.

Government debt is seen climbing to 172.7 percent of the country's gross domestic product (GDP), from an estimated 161.8 percent this year, the budget draft showed. The jobless rate is expected to rise to 15.2 percent in 2011 and to 16.4 percent in 2012.

Will Greece come out of this unscathed..?

Even, a smallest infant may reply it. But, is Mr. Market will not get scarred ? Well, it seems to be seized with it. No sooner, the Final Chapter of Bankruptcy Is Opened the Market's May dive to Abyss. But, thereafter it will soon remove the over nurtured biases and shall bounce back to recover the ground. This Obvious call has a Caveat that while Greek Ship sinks, who will sink in the whirlpool of the Sunken ship..?

Will it be French Banks or German Suppliers..? And, Who else may follow... ? And, What may happen to Euro and its other smaller participants..? This question grown in worries, clouded fog.

Greece.. Human Face is where I ponder and dwell...