The solution will be bailouts - either transparent or opaque. Little respect or consideration will be given to preservation of purchasing power of the currencies denominating those bailouts. This is why gold is rising, and when the public begins to catch on en mass, it will continue to rise much higher for years to come.
Forget Greece: Italy derivatives bomb also ticking
Financial markets are gripped by the role derivatives have played in Greece's debt crisis, but Italy also has a derivatives time bomb, and hundreds of cities are in the 24 billion euro blast zone.
EU prepares in case Greek woes spread to Spain
If Greece's debt crisis is giving the European Union a headache, it is minor compared to the pain it will suffer if a large member state such as Spain sinks into similar trouble
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