Look first at the option of default combined with exiting the euro.

The document makes clear that Greece has no intention of exiting the euro zone.

Earlier this year, for instance, it looked like concern about Greece exiting the euro had passed.

Other potential upsets include Greece exiting the euro zone as negotiations over its debts remain fractious.

But the spectre of Greece exiting the euro has put the idea back on the table.

But the specter of Greece exiting the euro has put the idea back on the table.

This year, as the prospect of Greece exiting the euro zone altogether hit markets, gold hardly moved.

He added that European sentiment was improving and that worries about countries exiting the euro zone had receded.

Ireland's newest political party, the National Independent Party, has said it favours exiting the euro and opposes economic migration.

But any bounce was likely to be fleeting as the market weighs the possibility of Greece exiting the euro zone.

Germany would have nothing to fear and much to gain from exiting the euro area, according to influential economist Hans-Werner Sinn.

Many people, such as Martin Schulz, the president of the European parliament, believe that exiting the euro means leaving the EU altogether.

She said if Greece exited the euro and had a new currency, her mortgage payments could double or triple during the conversion.

Germany would have nothing to fear and much to gain from exiting the euro area, according to influential economist Hans(...)

Brynjolfsson, a former top portfolio manager for bond mutual fund firm Pacific Investment Management Co, is betting on Greece exiting the euro.

But they did say Cyprus remained at risk for a "prolonged period" of default and even of exiting the euro zone.