German Stocks Fall as Greece Leads Jump in Euro-Region Deficit
The European Union said Greece’s deficit was 13.6 percent last year, higher than the government’s April 7 forecast of 12.9 percent, and could top 14 percent of gross domestic product as “off-market swaps” cloud its estimates. Ireland overtook Greece as the EU nation with the largest shortfall, which was revised up to 14.3 percent.
Greece holds all the cards, and if you don't like the cards they hold wait till you see Portugal, Spain, and Italy's cards. The amount of new credit being generated is not enough to sustain the system, therefore the system must continue to collapse.