More financial troubles in Europe. In Greece, it appears their deficit is much larger than previously thought. In Ireland, officials continue to be reluctant about accepting another EU sponsored bailout. In Portugal, there are fears that the problems in Ireland and Greece could ripple outward and impact that country as well. This episode points out the most obvious difficulty when disparate nations all accept a common currency. There are now real questions about whether or not the Euro can survive in its present form. Will the Eurozone shrink as some countries, like Greece, decide to get out of the currency, or are kicked out? Will the Euro survive at all?

Of course, as Americans we could retain a certain smugness about all of this, except for the fact that at least the various governments of Europe are attempting to come to grips with their deficit spending, while our government continues to go in the wrong direction.