Am I the only one here who is getting a bit tired of these types of messages from purported experts? Mr. Heller tells us that governments are making "contingency plans" to be acted upon should Greece default. The processes for that to happen sound quite logical and he provides a series of dates when we can expect the ax to fall. Here is language from a Canadian national financial newspaper dated today:

“Athens suffered a fresh setback when international ratings agency Fitch said a Greek default was “highly likely in the near term” despite the latest aid. The warning came as Fitch cut Greece’s sovereign debt rating by two notches, from CCC to C, leaving it one grade above formal default.”

So it should come as no surprise that other governments are making whatever plans they feel are necessary should this highly likely event occur on March 23 or some other date in the near term. But the most tiresome part of Heller's article comes when he advises us to stock up on toilet paper. I would like him to write another article explaining how a Greek default will result in a shortage of toilet paper, presumably in North America. I do think things are getting more than a bit irrational and unduly alarmist.