Greece

Because the insurance (credit default swaps provided by hedge funds) on Greece's Bonds are now running over 600,000 dollars per year per 10,000,000 dollars in bonds it is starting to panic europe in  regard to both Greek bonds and the ongoing value of the euro. In the short run I think things will even out with the Greek bail out by the European Union. However, in the long run I wonder if the Euro will survive if one more country goes this route like Portugal or Spain. If another country has problems like Greece I think Germany might switch to the Swiss Franc eventually or bring back German Marks again. The British and Swiss might have been right about the Euro after all. We'll have to wait and see if the Euro weathers this present storm over the next 5 years or so.