Would A Greek Default Drag Down The Stock Market?

The world’s stock markets ended jittery last week, amid fears of a Greek bailout default, and the FTSE 100 is down to 6,730 as I write — 393 points short of the 7,123 it touched in April.
And now the latest round of talks between Greece and its EU taskmasters has failed.
Although progress was made over the weekend, there are apparently still “significant gaps” between the two sides’ positions. While the Greek government is prepared to make more cuts at the behest of EU lenders, the main stumbling block appears to be pensions — the EU and IMF want them cut, but the Greeks are having none of it. (more)

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