When you have the U.S. and other European countries asking China, and Russia to send money to help Europe that should say something. Also watch Japan for problems on their debt.
Was watching the news and one analyst said something interesting. He said that the European continent was responsilble for starting two world wars within thirty years of each other and now the debt problems. Guess he is down on Europe, but if they cannot bail out Greece, then how could they imagine bailing out Italy and then Spain who's economy's are much larger.