For a rather detailed discussion of what's happening with Greece and the rest of Europe (it's not just Greece), there is a good audio interview at
Alasdair Macleod: All Roads In Europe Lead To Gold or on Youtube at
Chris Martenson & Alasdair Macleod on YouTube 48 minutes
Alasdair Macleod indicates that the bank runs we've seen in Greece in recent weeks is just the tail, Greek money has been leaving Greece for a couple years. So what does a German who has been responsible & productive and has been saving his/her entire life do now that the Euro is being debased (LTRO) due to the irresponsibility of other non-German Europeans?
My fear is that it will not be limited to Europe. The big U.S. banks are also exposed to the European debt situation and Bernanke is talking QE3 based on problems that are lingering here already.