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Message:: [QUOTE="jmccarty, post: 2193899, member: 74979"]Is a Eurozone country too big to fail? Even with it being a tiny economy compared to Germany.  Germany's S&P credit rating was affirmed last Friday as AAA, Greece's is stuck at CCC-.   Germany's finance ministry put forward a paper 2 days ago on Saturday demanding stronger Greek measures or a five-year "time-out" from the euro zone that looked like a disguised expulsion.  Yesterday it appeared that Germany anyway is preparing for a Greek exit. Greece has received bailouts totaling 240 billion euros in return for deep spending cuts, tax increases and reforms from successive governments. Though the country's annual budget deficit has come down dramatically, Greece's debt burden has increased as the economy has shrunk by a quarter. Greek PM Tsipras has made much of the need for a restructuring of Greek debt, which stands at around 320 billion euros, or a staggering 180 percent or so of the country's annual GDP. Would erasing debt save Greece?  Virtually all markets are affected by large fluctuations in a major market. Would the Euro lose value?  If it does, and the US$ goes up, commodities go down, don't they? On the edge of my seat either way. Bought another 62 ounces of silver this morning.[/QUOTE]