Greece's missed debt target 'inevitable'

Eurozone worries are still concerning the markets and the final quarter of 2011 has not got off to the best start.

European markets are down following losses on the Asian markets overnight, and banking shares in particular are down.

Shares in the French-Belgian bank Dexia fell by as much as 14%.

Apart from the Greek banks, Dexia is believed to be the most exposed bank to Greek debt.

Jane Foley is a senior strategist at Rabobank and asks what will happen if Greece does default on its debts?