Customers browse through discounted goods at a "one euro store" in Athens.

Customers browse through discounted goods at a 'one euro store' in Athens. Photo: AP

If you want to be scared, truly terrified, listen to Mark J. Grant. He might be right.

For the past two years, Grant, a managing director at a regional investment bank in Florida, has been predicting the bankruptcy of Greece and a cascade of chaos across the global economy, attracting quite a following on Wall Street in the process.

"Greece will be forced to return to the drachma and devalue, and the default will cause bank runs and money flowing into Germany and the United States as the only viable safe haven bets," he declared in the days before Sunday's Greek elections, irrespective of which party would win. "Greece will default because there is no other choice regardless of anyone's politics." (more)