Banks run eurozone crisis scenarios as Greece founders

Banks are shorting the euro, along with German and French government bonds, as a hedge against this kind of escalation. Their fear is that a Greek restructuring is inevitable and will scare investors away from other vulnerable members of the eurozone. One obvious consequence would be a weakening of the single currency, but banks have entertained a variety of other, wilder scenarios as they seek to immunise their books against a possible Europe-wide crisis.

"We've run a complete stress scenario

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