[timekeeper]

Here’s another article using google translation:

https://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.spiegel.de%2Fwirtschaft%2Funternehmen%2Feuro-krise-iwf-will-griechenland-hilfen-stoppen-a-845718.html

Also one of the side bars:

What would be a disaster in Greece?
For the euro area, the consequences would be profound: the creditors would have to waive all or part of their money. The European Central Bank would need some heavy losses on government bonds. The same applies to commercial banks or insurance companies that have invested in Greek government bonds. That would strain their capital. However, the big banks have already written off their papers abroad to some extent.

More controversial are the consequences for Greece: Some economists think a bust for the best option. Because the debt burden of the country would be diminished, reduced the interest burden of the budget would, and should decrease the repayment obligations. As a final solution to the debt crisis is by no means a disaster, as the Greeks would have to adapt their current spending their revenues anyway. Otherwise, they continue to accumulate debt. The vicious cycle would be broken. In addition, Greek banks were sitting at a bankruptcy on debts. The banking system in the country could collapse.

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