The Big Question: Could a Lehman-style collapse happen again?

Michael Hewson, senior market analyst, CMC Markets No In short, no. This is why it appears that Angela Merkel appears to be on the cusp of a U-turn with respect to Greece leaving the euro. She fears the consequences of a Greek exit could well unleash a domino effect bringing down the house of cards that is the eurozone as multiple European banks sit on a nitrous cocktail of bad debt. The whole argument relating to the European crisis is about preserving the euro when in reality it is about saving the European banks, specifically French and German banks that have massive exposure to...