Of course there are regrets. I shall regret always that I found my own authentic voice in politics. I was too conservative, too conventional. Too safe, too often. Too defensive. Too reactive. Later, too often on the back foot.
John MajorWell what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe.
John Major