Greece is just the tip of the iceberg. Spain, Portugal, Italy, France, and Ireland aren't too far behind. And Europe is running out of countries that can bail them out.
Think it can't happen here? Take a look at
Detroit. Or
Stockton, California , which is on the brink of bankruptcy. If Stockton does, it will join Central Falls, Rhode Island and Jefferson County, Alabama, which are already in bankruptcy. And the entire State of California isn't faring much better. I could easily argue the economic collapse in the U.S. has already begun, much like Greece.
(On a side note, I always get a kick out of those anarchists in Greece who are rioting, demanding the government keep funding pensions. I would suggest those anarchists look up "anarchism" in the dictionary.)
Onward and upward,
airforce