I sent a friend an email posting to a greece story. The title of the email was "GOLDMAN SENDS TROJAN HORSE INTO EUROZONE" Pretty accurate, don't you think?
Just imagine if Venezuela was defaulting.... their bonds already trade there, but their economy is larger. 13 US States have larger economic output.
Don't laugh but this is not that far fetched idea and yes it would be better for the world economy. Being local is the future. It is green, employs more people locally and less hastle. This is coming. The multis may not like it but they are dinosarurs destined to extinction.