Stratfor Report : Germany's Choice

Very good report for understanding the Greece problem in an EU context. Note sovereign debt levels have gone up a lot partly also as a result of the transfer of the local banks' damaged balance sheets (from the subprime crisis) to the country level ie in a way, this is really subprime part 2. [See also this about giant squid and Greece smoke and mirrors. Where I used to work, we sack people for doing unauthorised swaps at off market prices].