Must read

Replacing the European common currency that’s been in place since 1999 is getting less far-fetched, Singh said.
“There’s probably a 30 percent likelihood now, but that’s rising every minute,” said Singh, who grew up in Rochester, New York. “Europe is far closer to a tipping point than the world realizes.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTNJn5G35A7k&pos=5

http://www.bloomberg.com/avp/avp.htm?N=av&T=BNP's%20Stannard%20Says%20Investor%20%60Fears'%20for%20Euro%20Justified&clipSRC=mms://media2.bloomberg.com/cache/vzSRcBL.tOvM.asf

Credit Agricole SA and Societe Generale SA may be among European banks with the most at risk from the Greek crisis because of unprofitable units in the country.
French banks have the biggest exposure to Greece among European lenders, accounting for $78.8 billion of the $193.1 billion of total claims European banks have on Greece, according to the Bank for International Settlements. They also have the second-largest claims on Portugal and Spain, after German banks, and are the biggest holders of Italian debt, BIS figures show.