Obviously there will be an all-out effort to create a catastrophe in Greece (you know with famine and such).

In a sense it is a bummer that many things are starting in Greece:

It made for the narrative of "state-debt as a problem" (if things had started in Ireland the "banks as a problem" would have probably won).

It will also inspire fear in all the wanna-be leavers (Italy, Podemos-Spain and maybe a Le Pen-France): the pain that will be inflicted in Greece (and of which it has little ability to defend itself) will serve as an "example" to others.

Tragic in many ways.

That being said, I wish all the best to the Greeks and hope for SYRIZA to win and, hopefully, to navigate Greece to safety.