The problem is that the stupid expirement called the euro makes this much bigger than france defaulting when they had their own currency. IMO markets and the media don't realize how big this might be. What happned in sep 2008 when $500 billion were withdrawn in minutes in the us would be nothing compared to the velocity of a euro exodus. I think the real question right now is why the hell is the euro worth more than a dollar with this shit going on. Hell if ww3 breaks out who do you think is going to get debt consessions first. Definitely not eruozone countries who contribute 1 troop for every 100 we do.
never ever trust these officials, Rogers will tell u this. Look what happened when Bernanke said when the system was safe and sound, and AIG was okay. greece,Spain, portugal and italy will go bankrupt, and the whole eurozone will disintegrate. period.