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At first blush, it's a little hard to understand why financial markets in Europe and North America are paying so much attention to a debt problem in a little country like Greece. … With a Greek debt default, for instance, these weaker economies would be "hammered" by skyrocketing interest rates on their government lending, predicts Mo Chaudhury, a finance specialist at Ï㽶ÊÓƵ's Desautels Faculty of Management in Montreal.