Reply #5: Interesting story on a couple of levels.

[pa28]

We've heard about potential flaws in the euro for a while but in practice the currency has been performing well. Maybe a Greek default will give them an interesting real world test to contend with.

Also if you look at the Dubai default, the Greek credit downgrade and all their struggling peers you wonder if you are not looking at the start of an important trend. Moody's even saying today that the U.S. could be in a http://www.streetinsider.com/Analyst+Comments/Moodys+Says+a+U.S.+Debt+Downgrade+Is+%22Not+Inconceivable%22/5166330.html">similar situation by 2013: