China’s robots can run faster than Usain Bolt – now they are being prepared for war 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
AI is supercharging money scams – here’s what you can do to protect yourself 
What is Zionism? The different meanings of a contested term 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Add as a preferred source on Google
A default or GREXIT in 2010 would have caused havoc and pan European banking failure but that risk is much contained now according to latest report from Bank of America Merry Lynch.
- Official sectors now stands as the largest creditor to Greece and European central bank to Greek banks. Without the assistance of Emergency Liquidity Assistance (ELA) from ECB Greek banks would have collapsed completely and risk of such still remains if Greece fails to secure a deal with its lenders.
- According to Latest report while ECB has net ELA exposure of € 89 billion toward Greek banks, European banks have only exposure of € 14.7 billion.
- HSBC has the highest exposure as of latest report, almost € 5 billion, followed by Credit Agricole (€ 2.9 billion), Deutsche bank (€ 2billion) and Barclays (€ 1.6 billion).
Whatever the exposure may be it is still uncertain, what a Grexit might cause to Euro System since Greece is more of a sentiment issue than an economic one.
Euro treading water around 1.12, awaiting outcome from negotiation.
