Michael Lewis on Greek default: It would be ugly for awhile

Financial journalist Michael Lewis appeared Monday on MSNBC's The Rachel Maddow Show to explain Europe's financial crisis and how it could effect the United States. He said that if Greece defaults on its debt and abandons the euro, countries across Europe may be forced to bail out their own banks -- which many countries cannot afford to do.

Watch video, courtesy of MSNBC, below:

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