http://gregpytel.blogspot.com/2011/11/g ... eland.htmlGreece has many clever people in finance and wealthy individuals. Therefore it seems quite reasonable to assume that many of them, having common sense and possibly some inside inklings, bought a lot of CDS' betting that Greece would eventually default. They had plenty of money: apart from their own, thus far European bailouts were generous. Technically their CDS' value may actually exceed the Greek debt itself. Many time over. Therefore it is not inconceivable that, even if Greece do not benefit itself financially from the default, the default may actually produce a number of Greek millionaires or even billionaires.
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