A "GREXIT" ? WHAT COULD BE THE CONSEQUENCES ?

For several weeks the EU has watched the EUROZONE trying to avoid the inevitable, the Greek bankruptcy ! 
Greece  can no longer pay its debts and repay the loans which previous Greek Governments obtained from the EUROZONE.

The amount of the outstanding loans is about 320 Billion Euros.  Previous Greek Governments squandered the money received instead of undertaking the drastic measures which are still necessary today !

Greece has no option but to default !  This means that EUROZONE Creditors (Banks and Countries) must write-off the amount not yet repaid !  This is not an earth-trembling amount compared with the total Net Worth of the EUROZONE.  The EURO itself could stand such a shock on Foreiegn Exchange Markets !

Is there another more realistic alternative available for the EUROZONE CREDITORS ?

At present Greece is in the EUROZONE.  Where will it be afterwards ?  Still in the EU with the Drachma as its currency or totally independent away from the shackles of the EU ?  

The EUROZONE must decide what it wants and what it is prepared to do !  Otherwise Tsipras and Greece will decide their own future alone, and the EUROZONE will suffer and bear the Knock-on effect !

These are important considerations, because Greece will again need friendly Financial backing, particularly in moments of unfavourable speculation !  Could such friendly backing not come from Putin's Russia ? 
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