Greece, Spain, Italy, Portugal, Ireland - Northern Europe is basically carrying Southern Europe. Add in an IMF with no head and an ECB with most of its money tied up in those countries in trouble, throw in the risk of a Greek default and it does start to look a little precarious.
Greece, Spain, Italy, Portugal, Ireland - Northern Europe is basically carrying Southern Europe. Add in an IMF with no head and an ECB with most of its money tied up in those countries in trouble, throw in the risk of a Greek default and it does start to look a little precarious.