Sorry, but can someone explain…if there is default, does that mean a literal "Grexit", both from the Eurozone and the EU itself the next day? Or will some kind of legal fiction be created for an interim period, to smooth things over? For example, with strict capital controls, could the Euros in Greek banks still be considered "Euros" in some fake legal sense, while TPTB figure out what to do, even though it's understood by all that that "Greek Euros" are treated differently from "real Euros"?
Or are we really going to see Greece formally leave the Eurozone (and the EU?) as early as this week?
