[throwaway12357]

What would be the impact on the Euro currency if Greece left the Euro-zone?

I would guess the Euro would take a small hit, but bear (speculation) wouldn't have much too feed upon.

This due to the fact that (1) Greece is a small part in the Eurozone and (2) the other countries that were having problems (Portugal, Spain, Italy, Ireland) seem to have things stabilized.

[zhte415]

I imagine the effect would be 'is this contagion'?

But perhaps a fear of bipolar contagion - will other weaker economies leave (and the Euro become increasing like the Deutschemark - high, stable, low interest rates) or will Germany leave (and the Euro become a currency associated with volatility).