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Easier to Let Greece Default in Disorderly Manner?

Wednesday, 5 Oct 2011 | 4:00 AM ET

"It may be easier for policymakers to recapitalize all the banks and let Greece default in a 'disorderly manner', because they [the policymakers] will have more control over the banks than they will over Greece," Patrick Armstrong, managing partner at Armstrong Investment Managers, told CNBC.