Greece and the moral hazard dilemma

Tue, Jun 30, 2015 - 5:50 AM

R Sivanithysivan@sph.com.sg@RSivanithyBT

So Greece might very well default on its payments, reject its creditors' demands, declare itself bankrupt and exit the eurozone.

PHOTO: EPA

SO Greece might very well default on its payments, reject its creditors' demands, declare itself bankrupt and exit the eurozone. So what? All these events have been very real possibilities for about five years and if markets are even half as efficient as they are supposed to be, then everything...