http://fistfulofeuros.net/afoe/10640/ – a good read about “The Swiss franc appreciation and the sorry saga of FX lending”
I expect a run up on Eur/Usd. I don’t see any way how the Greeks can exit Eurozone. There might be some haircuts, which might spur optimism about Greece growth outlook. On the other hand other fragile countries like Spain and Italy might re-think their own position as people will point to the “success” story of Greece and ask “why can’t we do that?”.