We may share beautiful beaches, blue waters, and a love of food and wine, but that's just about where the similarity ends between Australia and Greece at the moment. While the Euro zone struggles with a huge blow-out in Greece's debt levels and the fear of massive defaults, not only is this unlikely to occur in Australia, but the impact on Australian investments is expected to be minor. In any case, the general view is Greece will pull out of the crisis by tightening its belt and receiving assistance from the strong economies of the European Union - France and Germany.

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