Spain and Italy are in danger of defaulting on their debt, which would mean the collapse of the entire European banking system. The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number. Greece is facing meltdown as its debt crisis now starts to threaten the Euro. The Greek system was always unsustainable , What is Greeces military budget, how much has it gone up since 9/11. Australias went from 5 billion in 2001 to 27 billion a year in 2010 ,Americas is now 330 billion which is 1/3 of their annual budget. This is tax payers money that is being waisted on so called terrorist. Start doing your home work people start demanding where every cent of tax payers money is being spent, and make it public information, then you can take your country back into your own hands and not the hands of blue collars.