Germans bail out French on Greek debt

http://www.youtube.com/watch?v=F5XIF2P5nJ8&feature=player_embedded

The funny part is that Spain/Greece blame Anglo Saxons for the crisis :)

http://www.guardian.co.uk/world/2010/feb/14/jose-zapatero-media-spain-recession

http://www.nytimes.com/2010/05/08/business/global/08credit.html?pagewanted=1&src=busln
While direct exposure to Greece appears to be limited for most banks, their vulnerability to larger countries with debt problems is much greater. French and German banks have risked $1.16 trillion in Spain and Italy, including both government and private debt. The sum dwarfs their combined exposure to Greece of $120 billion, according to data from the Bank for International Settlements in Basel, Switzerland.

http://online.wsj.com/article/SB10001424052748703798904575069712153415820.html
German and French banks carry a combined $119 billion in exposure to Greek borrowers alone and more than $900 billion to Greece and other countries on the euro-zone's vulnerable periphery: Portugal, Ireland and Spain.

at some point someone is gonna get cut loose just like Lehman. the musics about to stop