Germany and France will be devastated, while the UK will be able to escape without much damage. The Greek default will be a serious blow to the German dominance in the European Union.
sounds about every larger EU country will be in the waters for this one.
I`m sure the countries can recover, since they are bigger.But similar traits goes to how a drug addict comes back for more drugs, like greece is the user and every other bigger EU country is a supplier.
edit: I take that back, they need a miracle.. the debt is in the trillions.