from Greece is in free fall. Now it's Junk-bond status. The interest has risen to above 10%. Well Greeks the EUR is just "paper" money. So there's always the "solutio" of hyperinflation. Unfortunatly you are not alone with the EUR. So you are a bit more lucky this time, Politicians...
Just a reminder the EU president Baroso, wants an action to help out Greece. The Maastricht Vertrag is very clear about this: Die Union haftet nicht für die Verbindlichkeiten der Zentralregierungen, der regionalen oder lokalen Gebietskörperschaften oder anderen öffentlich-rechtlichen Körperschaften...
Ah, well somone would call it "Living in interesting times". I'd rather read it like, going to die. The EU considers now (b)failing out Countries, our first try Greece, next stop (who knows) but it can't took that long till it's Germany. I guess this will be the mother of all failouts...