To be sure, the Greek car market itself is not a do or die situation for anyone, although it has a place in industry history.

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For weeks, there has been a clear gap between the amount of debt relief for Greece that the private sector would "voluntarily" sign up to, and the amount needed for the IMF or anyone else to be able to say, with a straight face, that Greek sovereign debt was on a sustainable path.

BBC: European Central Bank bows to reality over Greek bonds

Anyone who has cash deposits that the Greek government can convert to Drachma will be severely hurt.

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