[John Sherffius, Boulder Daily Camera]
Its too late for the Greeks, whose country goes on sale cheap over the next weeks. A fire sale is being held for Greek state assets at the pace of one sale every 15 days. The British youth who rioted were simply trying to get theirs too. Whether Euro zone bankers can pull the Continent from another financial melt down is an open question. There are fears that Europe's banks are too weak to withstand another credit crisis, and German is opposed to take the radical step towards true fiscal union by accepting responsibility for its neighbor's debts. Last week a European bank was unable to get traditional funding and had to turn to the European Central Bank for $500 million in emergency funding. Wall Street responded to the development by dropping 400 points. It is deja vu all over again.