Let's start with Europe and work our way back.
The Greeks held elections last week and they have not been able to form a government since.
The leader of the "Leftist" party (read, Communist), Alexis Tsipras, has told the rest of the European Union that he believes Greece should ignore the promises it made to be bailed out and, in essence, go off on its own.
According to the New York Times,
"European leaders have warned that if Greece does not keep its promises, Europe will stop financing it, which would quickly lead to Greece defaulting...