Ok the problem with the piigs is that the european union, monetary fund, etc just cant bail them out. First eu, mf, etc needs the country to cut their deficit meanfully as part as any deal. Its not a no string attach situation. But its easier said then done when your dealing with a very sociialistic country like greece, portuagal or spain. LOL you have their unions already planning massive strikes that will shut down the country. Theres no easy solution like you can with a third world country like telling them to lower rates or devalue their currency. They dont have control over them, and the eu wont let them leave the union without dissolveing the entire thing. theres going tobe blood in the street, literally. If you guys remember what happened in france, and that was just about alittle bit about race and trucking guys, it could destabilize the entire region.