Worse and worse

It is not over until the fat lady sings.  Well, she is clearing her throat.

http://www.telegraph.co.uk/finance/financialcrisis/9270884/Debt-crisis-Greek-euro-exit-looms-closer-as-banks-crumble.html

http://www.bbc.co.uk/news/business-18091109

http://www.guardian.co.uk/global/2012/may/16/cost-greek-exit-euro-emerges?fb=native&CMP=FBCNETTXT9038

http://www.telegraph.co.uk/finance/financialcrisis/9270754/IIFs-Charles-Dallara-says-Greek-exit-somewhere-between-catastrophic-and-armageddon.html

http://www.telegraph.co.uk/finance/financialcrisis/9270809/Athens-in-limbo-as-radical-leftist-waits-in-the-wings.html

I commend to you the following article:

http://www.telegraph.co.uk/finance/currency/9269819/What-on-earth-is-Britain-doingtrying-to-save-the-euro.html

Meanwhile........in Spain..

http://www.telegraph.co.uk/finance/financialcrisis/9270834/Spain-could-be-locked-out-of-the-markets-says-Mariano-Rajoy.html

http://www.telegraph.co.uk/finance/comment/alistair-osborne/9270854/Eurolands-1-trillion-question-after-Greece-goes-can-Spain-stay-in.html