Greece v. Lehman

I am trying to put together a story that asks whether a potential Greece default and contagion to the periphery, if it happens, has a Lehman like effect on world financial system. People close to the ground here are getting all panicky in that regard. But I wanted to ask you, off the record, if you smell any such panic and fear — especially as you are a bit further removed from things. Do you feel that the the broad thesis you outlined to me a year ago can overcome a Greek default or debt restructure.

Thanks.

LT

Landon Thomas, Jr.
Financial Correspondent
New York Times