Who gets crushed?.....................from Rico

After seemingly endless shipping of Euro's to Greece (it's actually only been a couple years since their governmental accounting fraud has been acknowledged), the one thing I still do not see much reporting of is the "so what?" part of the story. If you knew that part, a lot of the news you do hear would make a lot more sense....well, that's a bit much, the sense part so let's say you would have the proper 'context' to read between the lines of what you're NOT being told.

Who gets crushed WHEN (not IF) Greece defaults?
Look at who holds Greek Bonds:
- ECB 40 billion Euros
- Greek Banks $62.8 billion
- German Banks $22.5 billion
- French Banks $14.96 billion
- UK Banks $3.4 billion
- Italian Banks $2.35 billion
- US Banks $1.5 billion
- Spanish Banks $540 million
- JA Banks $432 million

This goes a long way to explaining "who" is circling the wagons now, and "why" this is being considered a 'crisis' for EUroland.