[An.American.Expatriate]

This is simply an attempt by the Germans to deflect attention elsewhere - the “Eurozone” is in panic mode and Germany will suffer the most when the Euro comes crashing down around them.

[darkside321]

This is simply an attempt by the Germans to deflect attention elsewhere - the “Eurozone” is in panic mode and Germany will suffer the most when the Euro comes crashing down around them.

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Well i don´t think the Eurozone is in “panic” (Greece only contributes 2% to the total GDP of the Eurozone). There for the Euro is in trouble. True but this does not mean the sky is falling. btw. If the Euro would really crash all would suffer so i don´t see why Germany would be hurt more than others.

[semantic]

So let me get this straight - the most productive country with the most reasonable state finances will be in "trouble" when the Euro collapses? LOL

Countries are no different than corporations - they all must deal with the same exact set of resource constraints. Borrow & spend your way to riches ... or to poverty?

Greece isn't first on the list; rather it's way down around #10 or so. First up were sub-prime mortgages 2-3 years ago. Then corporates, now weaker sovereigns (PIIGS). Next to last will be the UK, and finally, for the grand finale, the US will have its moment on the world stage.

After both private & public debt is defaulted & currencies radically re-aligned, perhaps the global economy can get back on its feet.