It’s not pretty, but the Telegraph put together a video on what it believes will happen in case of a Greek default, with the primary repercussion being, of course, the dreaded “capital controls” — which mainly affects people that actually have capital in the first place and don’t want government “control” of their cash.

Assorted other “bogeymen” are mentioned, too, like a parallel currency, nationalization o f banks etc.

With nearly 1.8 billion euros owed just to the IMF in June, along with obligations to other lenders, and, of course, roughly two billion in monthly state wages and pensions, Athens must get a bailout extension or seek “alternative solutions”.

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