To read full news article click "The horrible Truth" above.
I must admit to you that because I don't live in Europe I don't know as much about this as I would like to. However, what appears to be happening is that the Irish and Greek economies seem to be destabilizing the Euro in a way that the founders of the Euro never planned for. So it looks like an uncontrolled unwinding of the various investors of national bonds in various countries might take a bath because of having no mechanism in place to protect these investors. This is the best I can come up with not living over there.
Here are two more recent articles regarding what is happening with the Euro.
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