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Multinationals prepare for Greek meltdown

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The impossible is now the probable

Keep in mind that until very recently the consensus was that this was "impossible."

And that the problem would be remedied by bailouts.

Greece is just the beginning. There is a 20% to 30% chance that Spain, a much bigger economy, is next in which case all bets are off.

All this is good for the US dollar - in the short run at least - as we've been telling you for several months now.

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