The Greek Crisis and European Banks

Telegraph Live: Reports that the French/Belgium Bank Dexia has needed to be backed by the Central Banks of France and Germany. The Contagion of the Greek crisis has started folks, the Stock price of the Bank has fallen over a cliff and taken bank shares will them, if and when Dexia goes down what other banks will it take with it, are there other debts that is held by the bank that is now known, all important question folks. Its about time EU got off its backside and developed a plan, the PIIGS are finished, Italy and Spain need to be saved, the rest might have to be thrown to the wolves, otherwise the DEBT just grows, and grows, the austerity packages get tougher, more people need welfare, thus the reduction in GDP, a very vicious paradox folks, the need to pay the debt, but the very fact of paying back the debt makes a solution impossible. Cold days ahead folks, its that gloomy folks.