A Greek Default Would Hit the ECB Hard By Stefan Kaiser

Hopes that Greece can be saved are dwindling. Athens had hoped to reach a deal with its creditors on a 50 percent debt haircut, but banks have now made it clear that efforts to reach an agreement could fail. Should the country go bankrupt, the European Central Bank stands to lose the most.

 http://www.spiegel.de/international/europe/0,1518,808998,00.html