Euro Central Bank Cuts Credit to Greece as Pres Draghi Talks of Exit

 
   Pres Mario Draghi of ECB

ECB Stops Lending to Some Greek Banks as Draghi Talks of Exit

This does not augur well for the World's Financial Stability or that of Eurozone.  If you cut the credit to Greece, then the refinancing and the restructuring of Greece  debt wont work out;  Greece would have nothing to pay its employees or pay its suppliers, which could be on cash basis.  Greece would experience great difficulties and have riots (as it is having from time to time). And the contagion could spread to Italy, Spain, Portugal, and has begun in UK.

Greece exiting the EU could damage he credibility of ECB