Review & Outlook: The Greek Example – WSJ.com.

Despite all this, the European temptation is to kick the day of reckoning forward again, hoping that somehow it’ll all be better in a year or two. The latest excuse for doing so is that a Greek default now could become another Lehman Brothers, triggering huge losses in Europe’s banks, and flowing through to U.S. money market funds that hold European bank shares and debt. Voila, another crisis.