If accurate, it appears that the Greeks will save BB's bacon.
Athens Mulls Plans for New Currency
Greece Considers Exit from Euro Zone
By Christian Reiermann
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REUTERSA protest against austerity measures in Athens. Greece is considering leaving the euro zone, according to sources in the German government.
The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government's actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area's finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on Friday night.
If they actually remove themselves from the EU and go back to printing their own currency then you'd have to think the Irish and the rest of little PIIGies will be pondering the same action. Look at what the dollar did the last two days to see what might be in store.
It's deflation "on" everyone. Everybody run to the other side of the ship!