Angela Merkel,P.M.of German, has raised the possibility of armed conflict in Europe over the financial debacle currently growing there like a mutant mushroom. Consider the possibilities:
1 Germany, in lieu of being expected to cover the debts of every country south of itself decides to foreclose on a couple of them using the Bundeswher as the collection agency, say in Austria and the Czech republic. If the conquerors limit themselves to jailing a few obviously corrupt politicians and actually cut your taxes, they will likely encounter little resistance.
2. Russia has never used subtlety. They cite national security and annex Georgia, Ukraine,and the Baltic republics. Sure this is an act of war against the EU and NATO,but how badly do you want to go to war with the country that supplies 25% of your natural gas?
3. China appears to be in worse shape than thought with a housing bubble and rapidly dropping exports. The obvious solution to the possibility of peasants with pitchforks and torches is to find a scapegoat. Taiwan comes to mind.
Gives you something to think about doesn't it?