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You'll have to excuse me, I was just being melodramatic on a public forum. Personally I'm hoping the major economies would not let their currencies hyper inflate. I'm hoping things in global economy "stabalise" and return to "normal" if not in the short term at least sometime in the future...

1. It stops lying about it monies having any worth when the money is only backed by the promise of paying back it's current debt with future tax receipts. 2. It creates a new currency backed by bonds in real stuff like gold/silver/barley/rye/wheat or whatever that country can produce (steal...

If history has taught me anything is that when Europeans start printing paper money everything will be anything BUT alright :P But I am guessing you are already aware :D . Who was it that said "history never repeats, but it sure does rhyme"

A very concise analysis of the World economy. Million dollar question

Could you not make the same argument about the USA? Some how the 50 states have been able to fudge along for quiet sometime now. The major difference being a (mostly) common language and that they have had longer stint being "united" instead of trying to kill each other.

The finger can be pointed in many place on the who, what, why and when. The reality is Greece is stuck in a pickle of a situation. They cannot execute sound tried true and tested government reaction to financial problems, which is to say, they are not allowed to print their way out of a corner...

Is it the first domino? or will the bond market wolves have their fill with Greece? In my opinion it is the most vulnerable getting picked off early, but certainly not the only one in the flock? Even after PIIGS there is still UK, US and other debt laden nations that have been given the bond...