Greece ‘Dress Rehearsal’ for U.S., Deutsche Bank Says (Update2) - Bloomberg.com

Greece ‘Dress Rehearsal’ for U.S., Deutsche Bank Says (Update2) - Bloomberg.com: "The cost of insuring against U.S. and U.K. debt defaults may rise in the same way as it has for so- called European peripheral nations including Greece and Portugal, Deutsche Bank AG said.

“The problems currently faced by peripheral Europe could be a dress rehearsal for what the U.S. and U.K. may face further down the road,” Jim Reid, a strategist at Deutsche Bank in London, wrote in a research note today."

Greek Ouzo crisis escalates into global margin call as confidence ebbs - Telegraph

Greek Ouzo crisis escalates into global margin call as confidence ebbs - Telegraph: "For the third time in 18 months the global financial system risks spinning out of control unless political leaders take immediate and radical action."